Parts shortage dents Great Wall Motor August sales

Beijing (Gasgoo)- Certain automotive parts supply shortage, such as ESP from Bosch, dented the sales and production output of Great Wall Motor’s vehicles in August, but the market demand was so strong that many models from the company have received increasing orders.

The top SUV and pickup manufacturer in China sold 74,257 vehicles in August, representing a year-on-year decrease of 16.89% and a month-on-month decrease of 18.9%, the company said. For the first eight months of this year, the automaker’s total sales amounted to 784,023 vehicles, jumping 39.29% from a year ago.

Currently, the company is taking various measures, such as buying chips across the world, speeding its own chip business development, and enhancing the system building in auto chip field to ease the impact and meet market demands.

Great Wall Motor is accelerating its development and growth in overseas markets. Last month, it sold 12,399 vehicles in other markets, 81.1% more than the sales volume of August, 2020. By the end of August, its year-to-date sales in foreign markets surged 156.8% to 86,509 vehicles, accounting for 11% of the company’s total year-to-date sales.

After entering into agreement with Mercedes Benz to buy a factory in Brazil from the Germany automaker in August, Great Wall Motor announced at the IAA show that it will launch the ORA Cat and the WEY Coffee 01 in Europe in 2022. The company aims to introduce more than 5 new energy vehicles in the coming 2 years and more than 10 models by the end of 2025.