Great Wall Motor Co. news - Page 2 - China Car Forums
chinese cars - china car forums, chery, geely CCF - The Chinese Car Community China Car Forums - Zhonghua Junjie
Home :: Forums  :: Manufacturers :: Articles :: About Us :: Vendors :: Analysis Reports

Go Back   China Car Forums > Chinese Car Manufacturers > Great Wall / Haval

ChinaCarForums.com is the premier Chinese Car Forum on the internet. Registered Users do not see the above ads.
Reply
 
Thread Tools Display Modes
Old 10-14-2006, 09:53 PM   #11
dragin
Senior Member
 
dragin's Avatar
 
Join Date: Apr 2006
Posts: 1,268
Default largest private automaker in China

Quote:
Originally Posted by Admin
Tuesday, October 10, 2006; Posted: 11:10 AM
GWM is the largest privately owned automotive manufacturer in China......
As Great Wall rounds out its model offering to include sedans, this will be a big boost to its (near 180,000) capacity. But is Wei Jianjun's company "the largest privately owned automotive manufacturer"?
I thought that distinction belonged to Li Shufu's Geely Auto Group which sold 149,000 units in 2005 versus 28,000 for GWM.



dragin is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 04-02-2007, 08:19 AM   #12
Raul
Senior Member
 
Raul's Avatar
 
Join Date: Feb 2006
Location: Finland
Posts: 547
Default GWM aims to sell 120,000 vehicles in 2007

BEIJING, March 29 (Xinhua) -- Great Wall Motor Company Limited (GWM) is hoping to sell 120,000 vehicles worldwide this year.

Company chairman Wei Jianjun said they plan to sell 80,000 vehicles in China and 40,000 overseas. GWM will launch its first sedan this year and hopes to sell around 20,000 units. Insiders say the costs associated with the introduction of the sedan will impact company profitability.

Last year the company fell short of its target of selling 30,000 vehicles overseas although it did report a ninety-percent growth in exports over the previous year. Company sources said they will invest one billion yuan (about 130 million U.S. dollars), partly raised from the H-share market, to develop the production of auto parts and improve staff training. The company plans to issue 150 million H shares in 2007.

GWM is the largest privately owned automotive manufacturer in China.
__________________
"It took Japan 40 years to become a great automotive nation. It took South Korea 20 years. I think it will take China as little as 10 to 15 years."

Giorgetto Giugiaro
Raul is offline   Reply With Quote
Old 06-25-2007, 06:34 AM   #13
Raul
Senior Member
 
Raul's Avatar
 
Join Date: Feb 2006
Location: Finland
Posts: 547
Default GW truck sales double

"GREAT Wall Motor Co, China's largest maker of pickup trucks and sport-utility vehicles, said sales more than doubled in May from a year earlier to 10,300 units after it introduced new models.

Great Wall aims to boost sales by 63 percent this year, helped by a new plant in Russia and demand for stretch limousines. New models planned include diesel-powered Hover crossover utility vehicles in December and Wingle pickup trucks in January."

- Shanghai Daily -
__________________
"It took Japan 40 years to become a great automotive nation. It took South Korea 20 years. I think it will take China as little as 10 to 15 years."

Giorgetto Giugiaro
Raul is offline   Reply With Quote
 
Old 06-29-2007, 04:24 AM   #14
Raul
Senior Member
 
Raul's Avatar
 
Join Date: Feb 2006
Location: Finland
Posts: 547
Default

Great Wall has great plans for future!


-------------------------------------------------------

2007/06/27

Great Wall to enroll 30,000 staff and reach a capacity of 500,000 cars


"The company welcomes blue collars, graduates and senior talents in the future 3 years.

WEI Jianjun, chairman of the board of directors, hasrecently given a brief on the company's developmentplan and talent enrollment. Great Wall's capacity willreach 500,000 cars by 2010 from the current 300,000. The200,000 car basement will cost it 3 billion yuan, alongwith 4 billion yuan on parts basement and another 3billion yuan on new products and the R & D. By 2010,the numbers of the first, second and third Tier partssuppliers will reach 100, 200 and 300 respectively."


- CAIN -
__________________
"It took Japan 40 years to become a great automotive nation. It took South Korea 20 years. I think it will take China as little as 10 to 15 years."

Giorgetto Giugiaro
Raul is offline   Reply With Quote
Old 07-19-2007, 05:35 AM   #15
mememe
 
Join Date: Jun 2007
Posts: 1,189
Default Great wall to invest more money in R&D

GREAT Wall Motor Co Ltd will spend 10 billion yuan (US$1.3 billion) within three years to boost production capacity and break into the car segment to complete its product line-up. One-third of the new investment will be spent on developing new cars, in addition to three billion yuan on research and developing capability and four billion yuan on auto parts facilities, China’s largest maker of sport utility vehicles said yesterday.

The investment will help Great Wall to boost production capacity to 500,000 units by 2010, including 200,000 new car models, and achieve sales of 30 billion yuan during the period.

The car maker has developed five car models and one multi-purpose vehicle since last year, and the first sedan will hit the market in August. Great Wall gained a combined US$422 million after two additional share sales on the Hong Kong Stock Exchange, lifting its total capital to 12.9 billion yuan
mememe is offline   Reply With Quote
Old 08-05-2007, 02:09 PM   #16
m14
 
Join Date: Feb 2006
Posts: 297
Post BASF Coatings: Great Wall Motor’s Partner of Choice

Shanghai / Muenster. BASF Coatings has recently been chosen by the Chinese automotive manufacturer Great Wall Motor Co. Ltd. to be their supplier of refinish coatings products, targeting overseas market.


This partnership enables BASF Coatings to support Great Wall Motor’s authorized dealers and auto body shops worldwide with refinish coatings products and services. This partnership is a strengthening of the existing relationship between the two companies as BASF has already been supporting Great Wall Motor in the development of color formulas for all the new and existing models that they produce.


“We are rapidly developing in overseas markets, there has been a strong demand for a partner to support us internationally to ensure the finishing quality in the after-sales sector,” said Liu Jun, the responsible person for overseas market of Great Wall Motor Co. Ltd.


“BASF Coatings’ global presence and its long-established expertise in the refinish coatings business in various regions and countries will certainly help us obtain a higher level of customer satisfaction in overseas markets.” Liu Jun added.


Great Wall Motor is the biggest car exporter in China with their products exported to 108 countries and regions. They have also been successful in establishing a stable international marketing network, particularly in Russia, the Middle East, Africa, East and South America. In addition, they have recently started business operations in Europe.


“We are glad that Great Wall has chosen us as their official supplier,” said Hans-Juergen Becker, the head of BASF Coatings International Trade (Shanghai) Co. Ltd. “Through our innovative refinish coatings solutions and dedicated service, we will support Great Wall Motor to provide the best service to their customers all over the world.”
m14 is offline   Reply With Quote
Old 09-03-2007, 04:42 AM   #17
Raul
Senior Member
 
Raul's Avatar
 
Join Date: Feb 2006
Location: Finland
Posts: 547
Default Delays cut sales ambition

"GREAT Wall Motor Co Ltd, China's largest maker of sport-utility vehicles and pick-up trucks, cut its 2007 sales target by about eight percent because of delays in the introduction of new passenger cars.


The auto maker expects to sell 110,000 vehicles this year and 200,000 next year, Deputy General Manager Bai Xuefei told reporters yesterday in Hong Kong. The car maker aimed to sell 120,000 vehicles this year, Chairman Wei Jianjun said in March.


The company has pushed back plans to add passenger cars by about two months from August because more work is needed to improve the vehicles, Bai said. The auto maker plans to add models, including the GWPeri and the Cowry multipurpose vehicle, to widen its product range and to benefit from rising passenger car sales in China, the world's second-largest auto market, Bloomberg News said.


Great Wall, based in Baoding, Hebei Province, also plans to sell shares in China eventually, Bai said, without providing a timeframe. The auto maker's first-half profit rose 11 percent to 406 million yuan (US$54 million) on increased sales of Hover sport-utility vehicles domestically and overseas. Total vehicle sales climbed 24 percent to 47,665.


Gross profit margin dropped to 23.9 percent from 26 percent due to a higher consumption tax in China. "We could raise our profit margin by developing new products and new auto parts," said Bai. An adjustment to the tax rates would also help, he added. Great Wall aims to boost its overseas sales about a third to as many as 40,000 vehicles this year, Bai said. The company sells vehicles in about 120 countries."


--- Shanghai Daily ---

-------------------------------------

It's a good thing they decide to focus on quality but I'm not too thrilled about these Peri and Cowry clones
__________________
"It took Japan 40 years to become a great automotive nation. It took South Korea 20 years. I think it will take China as little as 10 to 15 years."

Giorgetto Giugiaro

Last edited by Raul; 09-03-2007 at 04:44 AM.
Raul is offline   Reply With Quote
Old 09-22-2007, 11:07 AM   #18
ash
CCF Mod
 
ash's Avatar
 
Join Date: Dec 2005
Posts: 807
Default Great Wall Motor to add 10 models by 2010

Sep. 21, 2007 (China Knowledge) – Great Wall Motor Co. LtdChina's largest SUV and pick-up truck maker, plans to add more than 10 models by 2010 in a bid to quadruple its auto sales, said deputy general manager Bai Xuefei in a telephone interview on Wednesday. Vehicle sales may rise to 400,000 units in 2010 from the expected 110,000 units this year.
ash is offline   Reply With Quote
Old 10-16-2007, 09:05 PM   #19
mememe
 
Join Date: Jun 2007
Posts: 1,189
Default Great Wall to double overseas facilities

Great Wall to double overseas facilities
By Gong Zhengzheng (China Daily)
Updated: 2007-10-16 17:09



A man rides past a Great Wall Motor billboard in Shanghai. Great Wall Motor Co, a small but ambitious Chinese carmaker, plans to more than double its number of overseas plants by the end of this decade to boost sales abroad. [China Daily]


Great Wall Motor Co, a small but ambitious Chinese carmaker, plans to more than double its number of overseas plants by the end of this decade to boost sales abroad.


Wang Fengying, chief executive officer of the Hong Kong-listed maker of sports utility vehicles (SUVs) and pick-ups, told China Daily that it would have a total of 20 overseas factories by 2010. Currently it has eight.


The company, based in the northern city of Baoding, will build new plants mainly in Southeast Asia and South America, which impose relatively high tariffs on vehicle imports but low duties on spare parts, Wang said.


"These plants will help us propel our overseas sales considerably," she said.


She said Great Wall aims to sell more than 200,000 vehicles abroad a year by 2010, up from 27,500 units in 2006.


Meanwhile, it expects to lift its overall annual sales to 500,000 units from 73,580 units.


The company operates in more than 100 countries and regions. Wang said the profit margins are bigger in overseas markets.


"We are also looking at the EU and US markets to be an international brand in real terms. But we'll be very cautious as they have stricter standards," she said.


She said Great Wall will launch its three latest models as imports in the EU in the first half of next year. But she declined to reveal a timetable for the company's foray into the US, the world's biggest and most competitive auto market.


China is encouraging domestic carmakers to speed up exports through improved quality and design, though it is curbing overseas shipments of many resource-intensive commodities as part of a drive to rein in the trade surplus.


Baoding was named one of a second group of national auto and spare parts export bases last month, along with four other cities.


Many other Chinese brands, such as Chery and Brilliance, are also building more plants in foreign countries to boost overseas sales.


January-to-August exports of cars and spare parts from China, the world's second-biggest vehicle producer and No 2 market, surged by 40.3 percent year-on-year to $25.2 billion, according to industry data.


Wang said Great Wall plans to spend 10 billion yuan in the years to 2010 to develop 20 new models and build new facilities to achieve its sales target.


The company is awaiting government approval to produce sedans and multi-purpose vehicles.


"SUVs and pick-ups are insufficient to fulfill our goal. We must extend our line-up," Wang said.


Earlier this year, Great Wall raised HK$1.61 billion by issuing 151 million shares. Wang said it might return to the booming A-share market to raise more capital if it needs to fund other major projects before 2010.


The company posted 439.7 million yuan in after-tax profit in the first half of this year, up 14.7 percent.


It closed at HK$11.4 per share yesterday, up 2.52 percent.


http://www.chinadaily.com.cn/bizchin...nt_6180860.htm
mememe is offline   Reply With Quote
Old 10-17-2007, 04:02 AM   #20
vitordavid
 
Join Date: Sep 2007
Posts: 52
Default

I have great faith in G.W.M.
i just bought 3 hovers super luxury, that should arrive in February.
I have great hopes in this brand
vitordavid is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

                    
All times are GMT -5. The time now is 08:01 AM.



Powered by vBulletin® Copyright ©2000 - 2020, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.