Great Wall Motor - GWLLY STOCK NEWS

On April 18, GWM HAVAL unveiled its new medium new energy SUV, the "Fierce Dragon MAX," at Auto Shanghai 2023. This model is the first to utilize GWM's innovative Hi4 technology, designed for improved performance, economy, and reliability. The SUV boasts a 2.8-meter wheelbase and features enhanced electric vehicle capabilities. Scheduled for launch in the Chinese market in May, it achieves an impressive fuel consumption rate of just 1.78L/100km and accelerates from 0 to 100 km/h in 6.8 seconds. Hi4 technology combines intelligent features with a four-wheel drive system, allowing for dynamic energy management across nine driving modes. The recent test drives generated positive feedback regarding the vehicle's acceleration and stability. Expectations are high for its future launch in international markets.

On April 19, 2023, GWM hosted the 2023 Global Conference in China, with over 260 distributor representatives from 60+ countries. President Mu Feng outlined GWM's global expansion strategy focused on intelligent new energy vehicles. The company emphasized its commitment to a greener and safer future through its Forest Ecosystem model and a global product strategy. An award ceremony recognized top distributors, highlighting GWM's market growth with overseas sales surpassing 170,000 units in 2022, marking a 21.28% year-on-year increase. GWM aims to bolster its global presence through enhanced product and service offerings, striving for effective collaboration with its partners to reshape the new energy vehicle landscape.

On April 18, GWM showcased its major brands HAVAL, TANK, ORA, POER, and WEY at Auto Shanghai 2023, unveiling a comprehensive range of new energy vehicles (NEVs). The company highlighted its commitment to electrification, reflecting a significant transformation in the automotive sector. Notable launches included the Fierce Dragon MAX SUV, GWM POER's new 6x6 hybrid version, and the world debut of TANK400 PHEV. The event drew over 300 media and distributors globally, emphasizing GWM's strategic aim to expand its presence in intelligent NEVs. Advanced technologies, including the Hi4 hybrid system and other innovative platforms, received positive feedback, showcasing GWM's competitiveness. Parker Shi, GWM's VP, emphasized the company's focus on user-oriented innovation and commitment to high-quality, eco-friendly products.

GWM released its 2022 annual report on March 30, 2023, highlighting a total operating revenue of 137.34 billion CNY and a net profit attributable to shareholders of 8.27 billion CNY, marking a 22.90% increase year-on-year. The company invested 12.18 billion CNY in research and development, reflecting a 34.34% rise, accounting for 8.87% of total revenue. GWM is positioned as a leader in the intelligent and new energy automotive sectors with a comprehensive industrial chain. Innovations such as the new intelligent four-wheel drive hybrid technology, Hi4, are set for rollout in upcoming models. GWM's strategy emphasizes sustainability and technological advancement in the rapidly evolving automotive landscape.