China's Great Wall Motor aims to sell four million cars in 2025

Great Wall Motor aims for 80% of its annual sales in 2025 to be new energy vehicles.The automaker also plans to be carbon-neutral in 2045, earlier than China's overall target of 2060.
By : Reuters
| Updated on: 28 Jun 2021, 10:39 AM
People look at a line of Great Wall Motor cars. (Representational picture) (REUTERS)
People look at a line of Great Wall Motor cars. (Representational picture) (REUTERS)
People look at a line of Great Wall Motor cars. (Representational picture) (REUTERS)
People look at a line of Great Wall Motor cars. (Representational picture)

Great Wall Motor Co Ltd is targeting an annual sales of 4 million vehicles in 2025, Chairman Wei Jianjun said on Monday, as China's top pickup truck maker sees an increase in the demand for leisure use.

Great Wall's revenue is expected to reach 600 billion yuan ($92.86 billion) in 2025, Wei said in a briefing on the company's strategy at its headquarters.

Great Wall, which sold 1.1 million cars last year, aims for 80% of its annual sales in 2025 to be new energy vehicles, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles.

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(Also read | Great Wall Motors speeds up India plans, launches website with Haval SUV brand)

It targets to sell 2.8 million cars in 2023 with a production lineup of more than 60 models, Meng Xiangjun, a senior executive at Great Wall said.

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China, the world's largest auto market, rolled out supportive policies for hydrogen fuel-cell vehicles last year, which require local governments and companies to build a more mature supply chain and business model for the industry.

(Also read | China's Great Wall aims for 20% growth in sales of pickup trucks in 2021)

Baoding-based Great Wall is building a car plant in China with BMW for electric vehicles. The company plans to be carbon-neutral in 2045, earlier than China's overall target of 2060. Great Wall, which competes with Geely and BYD, is also planning to manufacture cars in Russia and Thailand.


First Published Date: 28 Jun 2021, 10:39 AM IST
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