GWM Plans to Invest RMB 100 billion in R&D Targeting New Energy and Intelligent Fields in the Coming Five Years

Rhea-AI Summary

GWM announced plans to invest RMB 100 billion over the next five years in R&D focused on new energy vehicles (NEVs) and smart technologies. Chairman Jack Wei highlighted advancements like the Dayu power battery and L.E.M.O.N. hybrid DHT, showcasing significant safety and fuel efficiency improvements. The company aims to advance its COFIS Intelligence system and enhance user experience with features such as a 360-degree rotating seat. With over 10,000 technical patents and nearly 15,000 R&D staff, GWM seeks to realize its 2025 Strategy for sustainable growth.

Positive

• Investment of RMB 100 billion in R&D to enhance NEVs and smart vehicle technology.
• Introduction of the Dayu power battery, improving safety in electric vehicles.
• Launch of L.E.M.O.N. hybrid DHT, achieving over 50% fuel savings in urban conditions.
• Development of advanced hydrogen management systems to ensure safety in fuel cell vehicles.
• Upgraded COFIS Intelligence system with enhanced smart vehicle features.
• Possession of over 10,000 patents showcasing strong innovation capabilities.

Negative

• None.

BAODING, China, July 7, 2021 /PRNewswire/ -- Recently, GWM held the 8th Technology Festival in Baoding at its headquarters. At the opening ceremony, GWM Chairman Jack Wei emphasized the next-generation clean energy-driven smart cars would constitute the new pattern in future automobile industry development. GWM plans to invest RMB 100 billion in R&D in the coming five years for NEVS and smart vehicles, offering more environment-friendly, smarter and safer products for global users.

Official reports show that, in the new energy field, the "Dayu" power battery unveiled by GWM eradicates fire and explosion once the cells of different chemical systems come across thermal runaway, dispelling users' anxiety about the safety of electric vehicles. In the hybrid power field, the world's first L.E.M.O.N. hybrid DHT launched by GWM enables oil-to-electricity switching based on scene intelligence, allowing a fuel-saving rate as high as over 50% in urban running conditions. The higher the vehicle's speed in highway running conditions, the larger the fuel-saving rate. In the hydrogen energy field, GWM has developed the cathode air cleaner with 4 air filter elements including activated carbon and synthetic fibre to protect fuel cells, which can strongly adsorb and filter harmful substances and effectively protect the service life of the fuel power system. Its independently developed hydrogen management system actively monitors the system's safety to guarantee the all-around security of vehicles and people, while optimizing the valve and pipeline structure of the hydrogen storage system.

GWM promotes the upgrading of "COFIS Intelligence" 1.0 to 2.0. It adopts the brand-new GEEP electronic and electrical architecture and intelligent wire-controlled chassis supporting L4 level automatic driving and promotes the integration and upgrades of intelligent cockpit, intelligent driving and intelligent services, which facilitates GWM vehicles to be smart travel terminals providing services covering more than 40 scenarios. For example, the steering wheel of the GWM iNest 2.0 intelligent cockpit can be switched to the left-hand, center or right-hand side corresponding to the dashboard, and the seat can be rotated 360 degrees, allowing the meeting mode at any time. The pioneering in-car collagen beauty system supports skincare. The vehicle-mounted oxygen generator meets the oxygen generation needs for both household and medical use. The GWM IOT interconnection capability also enables car-home interconnection, voice control of intelligent devices at home, etc., bringing a richer "car-life" to users.

GWM has always adhered to the R&D concept of "excessive investment, precise R&D". Up to now, it has won over 10,000 technical patents. Moreover, it vigorously introduces R&D talent and has established a team consisting of experts in various fields from many countries, with nearly 15,000 R&D staff members.

The R&D investment of RMB 100 billion will enable GWM to recruit more global talent, continuously exert its strength on new energy and intelligent fields and realize GWM 2025 Strategy facilitating "environmental-friendly, intelligent, updated and collective" development.

View original content to download multimedia:https://www.prnewswire.com/news-releases/gwm-plans-to-invest-rmb-100-billion-in-rd-targeting-new-energy-and-intelligent-fields-in-the-coming-five-years-301326992.html

SOURCE GWM

FAQ

What is GWM's investment plan announced on July 7, 2021?

GWM plans to invest RMB 100 billion in R&D over the next five years focusing on new energy vehicles and smart technologies.

What are the key technological advancements from GWM's recent press release?

Key advancements include the Dayu power battery for safety, L.E.M.O.N. hybrid DHT for fuel efficiency, and an upgraded COFIS Intelligence system.

How many patents does GWM currently hold?

GWM holds over 10,000 technical patents.

What are the expected benefits of GWM's R&D investments?

The investments aim to enhance safety, fuel efficiency, and smart vehicle capabilities, contributing to GWM's 2025 Strategy.

What does the L.E.M.O.N. hybrid DHT offer?

It enables over 50% fuel savings in urban driving conditions through intelligent oil-to-electricity switching.