Welcome to our dedicated page for GREAT WALL MOTOR CO ADR news (Ticker: GWLLY), a resource for investors and traders seeking the latest updates and insights on GREAT WALL MOTOR CO ADR stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GREAT WALL MOTOR CO ADR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GREAT WALL MOTOR CO ADR's position in the market.
GWM reported record sales of 100,208 units worldwide in October 2022, with overseas sales reaching 21,052 units, a significant 49.58% increase. From January to October, total overseas sales grew 18.55% to 132,796 vehicles. The company ranked sixth among South Africa's best-selling automobile brands, outperforming Ford and Kia. In Australia, GWM sales surged 45.5% YoY, entering the top 10 with over 18,000 units sold. The GWM ORA GOOD CAT dominated the Thai EV market, with over 5,500 orders. GWM plans to enhance its NEV portfolio and increase investments in intelligent vehicles.
GWM ORA launched its new pure electric model, Lightning Cat, on October 31, 2022, following its debut at the Paris Motor Show 2022. The vehicle has received the TOP Safety 'Collision Challenge Certificate' from the China Automotive Technology & Research Center. Extensive safety testing, including high-speed rollover tests, showcased its robust design, featuring high-strength steel for crash safety and a Worry-free Battery that passed several extreme conditions tests. The model is equipped with ORA-PILOT 3.0 for intelligent driving assistance and boasts a low drag coefficient of 0.22Cd.
On October 17, GWM launched its ORA electric vehicle brand in Europe at the Paris Motor Show 2022, marking a significant step in its global expansion. The ORA GOOD CAT, awarded a five-star Euro NCAP rating, will soon be available in the UK, Sweden, Germany, Israel, and Iceland. ORA aims to introduce over 10 models in Europe by 2025 and has established a European experience center in Germany. With ongoing efforts to enhance customer experience and infrastructure, GWM is positioning ORA as a key player in the burgeoning electric vehicle market.
On October 17, 2022, GWM launched two new energy vehicle brands, WEY and ORA, at the Paris Motor Show. WEY's Coffee 01, a high-end intelligent plug-in hybrid, and ORA's GOOD CAT, a pure electric vehicle, were introduced to the European market. Both models received a 5-star Euro NCAP rating and UN R155 certification for cybersecurity. GWM aims to advance its new energy strategy, planning to open its first zero-carbon emission factory in 2023 and launch over 50 new energy models globally by 2025.
GWM reported a significant sales increase in new energy vehicles, with 96,916 units sold from January to September, reflecting a 14.31% year-on-year growth. The company has expanded its hybrid and electric vehicle offerings globally, achieving strong sales performances, particularly with the HAVAL H6 PHEV and ORA models. In Thailand, ORA GOOD CAT had a 42.4% market share in EV sales. GWM's vehicles are compliant with international standards, preparing for a broader European market entry.
On September 28, GWM launched the HAVAL H6 PHEV, enhancing its new energy vehicle lineup. GWM's CGO, Li Ruifeng, emphasized HAVAL's ambition to dominate the SUV market in this sector. The HAVAL H6 PHEV features advanced safety measures and an intelligent powertrain with six modes for optimal energy efficiency. Currently available in China, it will soon launch in Thailand. GWM's commitment to new energy is evident in its integrated supply chain and ongoing R&D investments, targeting a low-carbon automotive future.
On September 23, 2022, GWM announced that three of its models, HAVAL JOLION, WEY Coffee 01, and ORA FUNKY CAT, achieved five-star safety ratings from ANCAP and Euro NCAP.
The HAVAL JOLION received accolades for its performance in adult and child occupant protection, with scores of 90% and 84%. Meanwhile, the WEY Coffee 01 excelled in the European market, particularly in safety assist ratings, scoring 94%. Michiel van Ratingen from Euro NCAP noted GWM's leadership in safety standards as it continues to invest in R&D for driving safety.
GWM HAVAL H6 GT made a notable appearance at the Rugby World Cup Sevens 2022 in South Africa, drawing attention to its sporty coupe SUV design. The event featured a static display area for fans to explore the HAVAL H6 GT. This model combines the practicality of the traditional H6 with modern aesthetics and includes a track mode for enhanced driving experience. Local media praised its appeal, indicating strong potential among SUV buyers. GWM aims to expand its HAVAL H6 lineup with various models to cater to global consumer preferences.
The HAVAL H6 HEV, equipped with GWM's L.E.M.O.N. DHT, made its South African debut at the Rugby World Cup Sevens on September 9, 2022. This hybrid SUV aims to penetrate the new energy vehicle market in South Africa, following its successful launches in countries like Australia and Thailand, where it ranked top in the Class C SUV segment for 10 months. GWM plans to transform its vehicle lineup, targeting an 80% sales composition of new energy models by 2025, showcasing a commitment to fuel efficiency and performance through innovative technology.
The new Shanhai POER pickup debuted at the Chengdu Motor Show 2022 on August 26, showcasing GWM's innovation in the large-size pickup market. With a high-performance 3.0T V6 engine and advanced four-wheel-drive system, it addresses diverse consumer needs. Global sales data reveals a 14% growth in H1 sales. The company plans to launch additional models, including an off-road edition, by year-end. The vehicle’s robust design and versatility are highlighted by various customization options.