GWM has exported to more than 170 countries and regions, boasting over 700 overseas sales channels.
Baoding, China, January 27, 2024 -- Starting from January 22, GWM WEY Gaoshan products have been shipped for overseas export. Under the guidance of the ONE GWM strategy, GWM continues to promote several high-end products globally, creating a powerful overseas product lineup that appeals to a broader audience.
Currently, GWM has exported to more than 170 countries and regions, boasting over 700 overseas sales channels. Through actively establishing a global industrial chain and realizing the ecosystem of "Research, Production, and Sales," GWM accomplished an annual revenue of RMB 173.41 billion and an annual net profit of RMB 7.01 billion in 2023, achieving double growth in both revenue and profit. Meanwhile, GWM surpassed the significant milestone of exceeding 300,000 units in overseas sales for the first time in a year.
Recognizing its outstanding overseas development achievements, GWM was listed in the category of "Pioneering Brands" in the 2023 Forbes China Globalization INNOVATORS SELECTION Top 30 Awards. This recognition underscores GWM's innovation spirit and industry influence in the process of global branding, highlighting the company's solid brand strength.
Questions around this news
Which GWM products began shipping overseas in January 2024?
The release says shipments of GWM WEY Gaoshan products for overseas export began on January 22, 2024. It describes the shipment as part of the company’s broader effort to take high-end products to international markets and says the vehicles had drawn praise, including from investors in the Middle East who experienced test drives at GWM’s headquarters.
What financial and overseas-sales results did GWM report for 2023?
The release reports annual revenue of RMB 173.41 billion and annual net profit of RMB 7.01 billion for 2023, saying both increased. It also says overseas sales exceeded 300,000 units for the first time in a year. These are figures and claims reported in the release.
What does “new energy vehicle” mean?
A new energy vehicle is a broad term for a vehicle that uses an alternative to a conventional internal-combustion-only powertrain. Depending on the market and context, the term may cover battery-electric vehicles, plug-in hybrids, and other electrified vehicle types. Its precise scope can vary across policies and industry usage.
How can local market research influence vehicles designed for export?
Research into local preferences and conditions can help manufacturers adapt vehicle features, configurations, and designs for different buyers and uses. Factors may include climate, road conditions, regulations, driving habits, and expectations for technology or comfort. Such customization can make an exported vehicle better suited to its intended market.
In sync with the actual pace of products going overseas, GWM continues to accelerate the pace of globalization. In 2023, GWM's high-quality development and global expansion are seeing results.
GWM WEY Gaoshan have gained widespread praise and popularity since their launch, particularly in the Middle East region, where investors praised the product's luxurious design and intelligent technology during test drive at GWM headquarters. The successful export of these products signifies GWM's high-end offerings making significant strides in the international market, meeting the diverse needs of consumers in various regions.
In response to regional demands, GWM has introduced different models featuring specific values, successfully exporting high-value intelligent new energy products. Research on local market preferences has led to product optimization, catering to the practical needs of overseas consumers. This approach has resulted in more personalized product creations, earning the reputation in markets worldwide.
Looking ahead to 2024, GWM is committed to its long-termism strategy, practicing the ONE GWM Global Strategy. The company aims to export diversified automotive products with higher performance, greater reliability, and enhanced intelligence to overseas markets, realizing long-term and stable development for the enterprise.
Contact Info:
Name: Tyler Qian
Email: Send Email
Organization: Great Wall Motor Company Limited
Website: http://www.gwm-global.com
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At a glance
- Company
- Great Wall Motor Company Limited
- Announcement
- Expansion
- Location
- Baoding, China
Key figures
- 2023 annual revenue
- RMB 173.41 billion
- 2023 annual net profit
- RMB 7.01 billion
- 2023 overseas sales
- exceeding 300,000 units
- Export destinations
- more than 170 countries and regions
- Overseas sales channels
- over 700
People
- Tyler QianContact
