Great Wall Motor to tap NEV charging pile business

Shanghai (Gasgoo)- Great Wall Motor Company Limited (GWM) intends to tap the business related to new energy vehicle (NEV) charging pile to support its NEV development.

The company added on July 9 the sale, installation and after-sales service of new energy vehicles (NEV) to its line of businesses, according to the enterprise information query platform Tianyancha.

Chinese government is vigorously promoting the construction of the “new infrastructures”, a widely-discussed term associated with the power to energize China's economic development—NEV charging pile is one of them.

The industry universally acknowledges that the building of charging piles plays an important role in easing the bottleneck in NEV development and vice versa. Thus, for Great Wall Motor, it may make sense to deploy charging facilities.

(ORA White Car, photo source: ORA)

The automaker launched its BEV-focused brand, ORA, in August 2018. For the first half of 2020, the sales of ORA added up to 9,436 units, of which 2,635 units were sold in June.

The EV brand on July 6 kicked off the presale of its third mass-produced model that touts a cute name “ORA White Car”. It seems that consumers showed great appreciation to the mini-sized BEV model as over 1,000 units of orders were produced within 24 hours.

GWM announced on July 13 that the company and its subsidiaries (including the firms they jointly control) received subsidies worth 495,832,697.7 yuan ($70,865,649) in total that occurred from November 16, 2019 to June 30, 2020.

According to the announcement, GWM was granted 2.55 million yuan ($364,452) worth of governmental subsidy on June 23, 2020, which is set to be used to develop core technologies of ORA-branded high-performance BEVs.

Besides, a cash handout of 1.26 million yuan ($180,082) was given on the same day for GWM to develop core technologies of full-power hydrogen fuel-cell PVs and relevant power system.