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On December 30, 2022, GWM showcased its latest models, including WEY Lanshan-PHEV and HAVAL H-DOG, at the 20th Guangzhou Auto Show. These unveilings signaling GWM's commitment to new energy vehicles (NEVs) and its global expansion strategy. The company plans to focus on a diverse product range, including hybrids and hydrogen fuel, to enhance its global market footprint. GWM aims to have NEVs constitute 80% of its sales by 2025, with an investment of CNY 100 billion in R&D for advanced technologies and sustainable travel solutions.
On December 23, 2022, GWM's TANK300 HEV received a five-star safety rating from the Australasian New Car Assessment Program (ANCAP), meeting stringent global safety standards. The vehicle excelled in tests for Adult Occupant Protection (88%), Child Occupant Protection (89%), Vulnerable Road User Protection (81%), and Safety Assist (85%). GWM TANK brand aims for global expansion with a diverse product lineup exceeding 200,000 units sold since 2021. The TANK platform combines off-road performance with various powertrain options, enhancing safety and driving comfort.
On December 11, 2022, GWM showcased its commitment to low-carbon environmental protection at the HSBC BWF World Tour Finals 2022 in Bangkok, Thailand, by providing HAVAL H6 PHEV and HEV models as official vehicles. The HAVAL H6 HEV has been a market leader in compact SUVs in Thailand for 15 months, while the recently launched H6 PHEV received over 1,000 orders within 40 minutes. With over 4 million units sold globally in over a decade, GWM aims to enhance product offerings as it promotes its third-generation HAVAL H6 with advanced features and hybrid technology.
GWM served as an official partner for the HSBC BWF World Tour Finals 2022 in Bangkok, providing green commuting services using its NEVs, the HAVAL H6 HEV and HAVAL JOLION HEV. The event showcased top players competing for yearly titles, while GWM's vehicles offered innovative experiences, earning recognition from participants. In 2022, GWM sold over 120,000 NEVs, with significant sales growth in Thailand, where the HAVAL H6 HEV claimed the top spot in the C-class SUV segment with a 30.8% market share in October. GWM emphasizes user-oriented globalization and supports diverse sports events.
GWM's Rayong Plant in Thailand recently hosted over 200 global distributors from more than 50 countries to showcase its achievements in intelligent manufacturing and new energy vehicles. The plant, which covers 658,800 square meters, boasts advanced production capabilities for HEV, PHEV, BEV, and ICE models. GWM's investment in R&D reached CNY 8.544 billion in 2022, a 64.74% increase YoY, supporting its goal for technological leadership. GWM reported sales of 902,521 vehicles in the first ten months of 2022, with new energy model sales growing by 9.95%.
GWM hosted the 2022 Overseas Conference in Thailand on December 2, 2022, gathering over 200 distributors from 50+ countries to discuss new energy strategies. The company has successfully delivered over 13,000 new energy vehicles in Thailand, with the HAVAL H6 HEV leading sales in the C-class SUV market for 15 consecutive months. GWM has rolled out its new energy products across ASEAN and is expanding into Europe and South America. As of October 2022, new energy vehicle sales exceeded 100,000 globally, contributing to GWM's growing international presence and dealership network.
On December 2, GWM held its 2022 overseas conference in Bangkok, Thailand, where over 200 distributors from more than 50 countries attended. President Mu Feng announced a new brand strategy focusing on clustered channels and a global product layout under the concept 'ONE GWM.' The company reported a significant overseas sales volume growth of 49.6% year-over-year, with cumulative sales exceeding 130,000 units by October 2022. GWM aims to enhance its global influence by investing in R&D and innovative marketing strategies for its new energy vehicles.
GWM showcased its innovative electric vehicle lineup at the 39th Thailand International Motor Expo 2022, highlighting the first appearance of the ORA Grand Cat, a premium pure electric coupe, featuring advanced technology like the ORA Autopilot 3.0. The New HAVAL H6 Hybrid SUV continues its success, holding the top spot in Thailand's compact SUV segment for ten months in a row. Additionally, the TANK500 HEV emphasizes versatility with its hybrid powertrain and intelligent driving systems. GWM is committed to expanding its new energy vehicle offerings in Thailand.
GWM launched its brand and the HAVAL H6 PHEV 4WD in Brazil on November 23, 2022, at the Museum of Tomorrow. The vehicle boasts a 170 km range and features advanced technology, including remote app control. It aims to position Brazil as a key market for GWM's new energy vehicles (NEVs) in Latin America. The HAVAL H6 PHEV 4WD is produced at the Iracemápolis plant, which underwent significant technological upgrades. GWM's President emphasized the company's commitment to innovative products and intelligent mobility experiences.
GWM's latest hybrid SUV, WEY Coffee 01, has garnered positive reviews following its media test drives in Europe on November 14, 2022. The model features advanced hybrid technology, a 2.0L turbo engine, and 2 electric motors, leading to exceptional performance. Journalists praised its smooth power delivery and intelligent features, including augmented reality Head-up Display and various driver assistance systems. WEY Coffee 01 scored 94% on Euro NCAP's SAFETY ASSIST test, showcasing its safety capabilities. GWM plans to enhance its new energy vehicle lineup.
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