Great Wall Motor eyes annual export volume of one million vehicles in 2025

Beijing (Gasgoo)- On October 25, Chinese legacy automaker Great Wall Motor (GWM) held the GWM Investor Day 2023 in Baoding city, its homebase. Under the premise of “Go long. Go with the world.”, GWM presented its accomplishments and business strategy regarding overseas markets. 

GWM's global sales network spans over 170 countries and regions worldwide, including Europe, North America, Japan, South Korea, Latin America, ASEAN, the Middle East, and Africa. 

In September 2023, the automaker sold 30,018 vehicles outside of China, representing a year-on-year soar of over 60%. In the first three quarters of this year, GWM’s export volume skyrocketed 89.45% from the previous year to 211,696 units. 

At the event, GWM said that it not only aims to be an exporter of vehicles but also become a global brand that deeply roots in the local communities. For example, in China, GWM has been able to realize a supply chain integration rate of over 70%. In a bid to further consolidate its presence overseas, the company has acquired GM’s factory in Thailand in 2020 and then Mercedes’ Brazilian factory in 2021. The company disclosed that it also holds plans to set up a factory in Europe. 

In addition, GWM expects its annual overseas sales to reach roughly 300,000 vehicles in 2023. The company sets a yearly overseas sales target of one million vehicles in 2025, 40% of which should be produced locally.