GREAT WALL MOTOR CO ADR - GWLLY STOCK NEWS

GWM's HAVAL JOLION has seen impressive sales in international markets since January 2021, leading compact SUV sales in South Africa and ranking among the top three in Saudi Arabia. In Australia, it surpasses several local and foreign brands, and it earned the 16th National '2021 SUV' Award in Russia. Targeting younger consumers, the model features modern design and smart applications, including safety-focused displays and wireless charging. Future plans include launching HEV and GT versions to attract more users with enhanced technology and sporty features.

On October 12, GWM's models achieved top honors in the 2021 CACSI assessment, winning first place in multiple categories. The HAVAL H6 led the Compact SUV segment, while HAVAL DAGOU and WEY Mocha excelled in the 'Market Spotlight SUV 2021' category. Additionally, both brands excelled in customer service satisfaction assessments. GWM aims to enhance product offerings and service quality globally, successfully launching the high-end GWM POER in Russia and collecting valuable customer feedback in Thailand. Various initiatives, including mobile showrooms in South Africa and virtual test drives in Australia, are underway to improve customer engagement.

On September 6, GWM showcased its latest innovations at the 2021 China International Digital Economy Expo in Baoding, China. Key highlights included the Alcolock technology, which prevents drunk driving by monitoring alcohol levels, and the DV02 Multifunctional Unmanned Vehicle, the world's first low-speed driverless car utilizing L4 Autonomous Driving. Additionally, GWM's ORA HAOMAO model demonstrated advanced autopilot capabilities, allowing for hands-free steering and acceleration. The event attracted thousands of visitors, emphasizing GWM's commitment to intelligent technology and autonomous driving solutions.

The upgraded GWM Coffee Intelligence 2.0 has been launched, featuring an advanced electronic architecture and intelligent drive-by-wire chassis. This upgrade enhances intelligent driving capabilities, including cruise assistance and fully automatic parking. The new GC-OS cockpit system offers over 40 intelligent services, enabling voice command functions for vehicle control and home automation. The launch of this technology at the Chengdu Motor Show highlights GWM's commitment to innovation in intelligent vehicle experiences, promising to enhance functionality across future models.

GWM has launched new hybrid electric vehicles as part of its commitment to carbon neutrality and advancing hybrid technology. The company has invested RMB 20 billion in developing the L.E.M.O.N. platform, which supports two hybrid architectures, enhancing performance across various speed scenarios. The HAVAL H6 HEV debuted in Thailand, quickly becoming the top seller in its market segment. Other models include WEY MAQIDUO and Coffee 01 PHEV, both demonstrating significant fuel efficiency and high performance. GWM plans to invest RMB 100 billion in research and development over the next five years to maintain its competitive edge.

GWM reported that cumulative global sales of the HAVAL H6 and HAVAL JOLION exceeded 280,000 vehicles from January to August 2021. The 3rd Gen HAVAL H6 and HAVAL JOLION were launched in April, quickly gaining traction in over 60 countries. Notably, HAVAL JOLION topped small SUV sales in South Africa and ranked well in Saudi Arabia. HAVAL's overseas sales surged by 233% year-on-year in H1 2021, despite global supply chain challenges. The brand's strong international presence has bolstered GWM's confidence towards a goal of selling over one million vehicles overseas by 2025.

On August 29, 2021, GWM unveiled new models of the GWM POER at the 24th Chengdu Motor Show, marking the delivery of the 200,000th unit. With sales of 77,356 units from January to August 2021, representing a 13.4% year-on-year increase, GWM POER has emerged as a leading brand in the global pickup market. Strong performance is noted in markets such as Chile and Saudi Arabia, where it ranks among the top brands. GWM aims to sell 4 million units globally by 2025 and intends to expand its market presence.

GWM introduced the HAVAL H6S, a new coupe SUV, highlighting a blend of advanced technology and design. Debuted at the Chengdu Motor Show on August 29, 2021, this model is based on the popular HAVAL H6 platform. The H6S features a powerful 2.0T gasoline engine with up to 179kW and 530N·m of torque, achieving 100 km/h in 7.5 seconds with 4.9L fuel consumption. It offers seven driving modes and a smart cockpit powered by advanced AI technology, aiming to enhance user experience. The product aims to expand HAVAL's global market presence with innovative features and a youthful design.

GWM showcased its new energy vehicle brand ORA and high-end SUV brand WEY at IAA Mobility 2021 in Munich. The company introduced the WEY Coffee 01 PHEV and ORA 01CAT, emphasizing features like long range and smart technology. GWM has launched a cobalt-free battery, reducing reliance on cobalt, with mass production already underway. Over RMB 500 million has been invested in R&D for these batteries, with plans to spend an additional RMB 100 billion over five years to enhance new energy technologies.