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Discussion Starter · #1 ·

HONG KONG (Dow Jones)--Carmaker China Great Wall Motor Co. (2333.HK) said Monday its 2005 net profit rose 9.4%, lifted by a surge in exports to eastern Europe and the Middle East.
Net profit for the year ended Dec. 31, 2005 totaled CNY441.0 million, up from CNY402.9 million the previous year. Revenue rose to CNY3.81 billion from CNY3.18 billion. Hebei-based company recommended a final dividend of 10 fen a share, unchanged from the previous year.

Great Wall Motor, which manufacturers mainly pick-up trucks and sport utility vehicles, attributed the rise in its profits to robust export performance and signs of recovery in the Chinese auto industry, which had been in the doldrums for several years.
The company sold 57,198 vehicles in 2005, up more than 20% from the previous year, with revenue from auto sales rising 23% to CNY3.58 billion.
During the year, Great Wall Motor exported 14,326 vehicles, nearly quadrupling from 2004 and accounting for 25% of total sales volume. About 80% of all exports were pick-up trucks.
"We will continue exploring various overseas markets with an aim of achieving a 50-50 domestic and overseas sales mix in 2008," said Great Wall Motor Chairman Wei Jian Jun.
The company's major export markets are in Russia, Iraq, Ukraine, Saudi Arabia and Algeria


souce:http://sg.biz.yahoo.com/060327/15/3znlw.html
 

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Great Wall H1 profits thrive

"CHINA Great Wall Motor Co Ltd said yesterday that first-half net profits surged 81 percent on high sales of pickup trucks. The company also announced it will delay construction of a manufacturing facility in Russia.

Net profits rose to 367 million yuan (US$45.8 million) for the first six months of this year, up from 202 million yuan a year earlier, Great Wall said in a statement to the Hong Kong Exchange yesterday. The profit increase was fueled by a year-on-year 61.3 percent boost in sales of pickup trucks globally. More than 24,591 units were sold, accounting for 63 percent of the company's total sales of 38,509 vehicles during the first half of this year.

Sales revenue also rose 57.7 percent to 2.52 billion yuan despite higher excise taxes on gas-guzzling pickups. China's demand for pickups will expand 10 to 15 percent annually for the next five years, boosted by massive construction projects, company spokesman Shang Yugui told Shanghai Daily yesterday.

The company's profit margin dropped 1 percentage point to 26 percent over the first half of the year, mainly due to an increased excise tax on vehicles with engine larger than four-liters. Great Wall has accelerated its expansion of exports as domestic market competition intensifies, Shang added. The company aims to export more than 30,000 units this year, up from 18,000 last year.

The company has postponed plans to set up a manufacturing facility in Russia, one of its largest export destinations due to problems getting approval for the project. The wholly owned plant, which was expected to turn out 20,000 units annually, was scheduled to start construction this October."
 

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China exports 500 vehicles to Italy

Sep. 8, 2006 (China Knowledge) – China's Great Wall Motor Co. Ltd has exported 500 sports utility vehicles (SUVs) to Italy, according to the China Economic Net website today.This is the first time local automobiles have been exported to the European market.Great Wall Motor won the order after it exhibited its SUVs at the 30th International Automobile Exhibition at Italy’s Bologna in December last .....


http://www.chinaknowledge.com/news/news-detail.aspx?id=4245
 

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Great Wall Motor Co. NEWS

N E W S11.07.2006
Top 6 of SUV and PICKUP Brand of First Half Year
According to the news of China Auto Industry Association, from January to June, the total sales volume of SUV and Pickup is 109173 units. Among them, 18,000 units are GWM, which account for 16.6% of the whole sales volume. The following is Dongfeng Honda, 13,200 units and 12.1% of market share, and Beijing Hyundai, 12,700 units and 11.71% of market share. Then Changfeng Liebao12300 units by 11.4%, Beijing Benz 8800 units by 8.1%, Chery 8600 units by 7.9%. Till June, GWM SUV has been the champion of the sales volume for three and half consecutive years.

In terms of single SUV Model, Hover was ranked the third place following CR-V, Tucson, and the forth and fifth models are Liebao and Ruihu. The Sales volumes for each model are listed as: 11900, 13200, 12700, 9800, and 8600.

Comments from expert say that the increase of the major brand lies on the continuous improvement in the adverse circumstance. And the marketing performance of Hover contributed much for the champion—GWM, the self determination brand. From the beginning of 2006, it has kept the No.1 in each month. For this, it is regarded as “well expected and well performanced model”.

The lastest data from China Auto Industry Association shows that GWM Pickup is in the highest flight with the total volume of 24955 units, followed by Jiangling, 12515 units, Zhongxing 9168 units, Nissan 9098 units, Foton, 6504units and Qingling 4440units

GreatWALL are working very good :thumb: :lol:
 

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Greatwall Motor Company up Date News

This kind of pickup holds the first position in 4 aspects: the first pickup equipped with electric controlled high pressure common rail INTEC diesel engine; the first pickup which integrates the spacious room and the loading capacity of pickup and combines the practicability, motility and security together; the first pick up with the ability of dragging, off road and loading and sitting; the first pickup which absorbs the occidental style both from appearance to interior decoration.

Wingle shows its advantage mainly in the diesel engine which adopts electric-controlled high pressure common rail technology. This engine is the achievement of the first cooperation in China with world class BOSCH Company which takes the leading position in technology of diesel engine. It is called INTEC--King of intellectual oil saving. Speaking of it, Ms. Wang Fengying gave voice to her courageous words,” We will take the lead in the power of integration and innovation and start ‘the heart of China’.”

At the press conference, Mr. Lin Fan, Sales Superior in Chinese region of BOSCH Company gave a brief introduction to the engine. This engine features higher acceleration, quick and accurate reaction and easy to control with electric oil valve after dismantling the oil valve wire; high torque at low speed, plenty power and long response time make it superior to the traditional pressure diesel engine, and thus solve the problem of max torque lasting for short time and power unsteadiness. Another advantage of electric controlled high pressure common rail fuel direct injection technology is steady running and low noise. The noise is 16% lower than traditional high pressure diesel engine; under the accurate control of ECU computer, the fuel injection pressure is higher and pulverization is excellent, then it makes the combustion efficiency 8% higher and 100KM fuel consumption 20% lower than traditional high pressure diesel one; it can be easily started at -35 ?; The emission reaches EURO III standard and leads the domestic diesel power. It is reported that this engine will be also equipped in HOVER diesel model.

VERY GOOD :thumb: improving little by little every day:D
 

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from sluggish to strong

Great article Dennis about the good news for GWM. This engine, with its optimized torque will give Great Wall a big advantage in foreign markets.
 

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Discussion Starter · #10 ·
GWM to Adopt ABB Robots

Tuesday, October 10, 2006; Posted: 11:10 AM
BAODING, Oct 10, 2006 (SinoCast via COMTEX) -- Recently, Great Wall Motor Co., Ltd. (GWM), signed an agreement with ABB (China) about accepting the stamping automation system from the later. This is the largest cooperation of ABB (China) with a China's private automaker, after the ABB Global Robotics Headquarters opened in Shanghai this April.
GWM is the largest privately owned automotive manufacturer in China, while ABB is a global leader in power and automation technologies. GWM will use the system in its sedan project.
According to the agreement, ABB (China) will provide two production lines using robots for the newly built production base of GWM in Baoding, including the de-stacker system and the stamping automation system with twelve robots, to enlarge the enterprise's capacity.
This project will be put into production next March, and will increase the production capacity of GWM to 400,000 ones.
Presently, GWM annually produces 200,000 kinds of pichups and SUVs and 200,000 engines.??
From www.nbd.com.cn, Page 1, Monday, October 09, 2006 [email protected]
Copyright (C) 2006 SinoCast, All rights reserved
 

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largest private automaker in China

Admin said:
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.
 

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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.
 

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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 -
 

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Great Wall has great plans for future!


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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 -
 

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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
 

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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.”
 

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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 ---

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It's a good thing they decide to focus on quality but I'm not too thrilled about these Peri and Cowry clones :nono:
 

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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.
 

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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/bizchina/2007-10/16/content_6180860.htm
 
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