Great Wall Motors(长城汽车)

Fast facts

Year Founded
1984
HQ Location
Baoding, Hebei, China
Publicly Traded?
Yes
Overseas Operations
Yes
US Sanctions
No
Military Affiliation in China
No

Revenue

USD 15.8 B

Valuation

USD 41.5 B
*Valuation is reported as market capitalization. It was converted from HKD using the exchange rate from June 26, 2022 13:49:24.

Employees

63,174

Founded in 1984 and headquartered in Baoding, Hebei Province, Great Wall Motors Co., Ltd. (长城汽车 chángchéng qìchē) is China’s largest SUV manufacturer with a truly global presence. Between the years 1996-2010, GWM only produced trucks, cementing its position at the top of China’s pick-up truck market. In 2003, it listed on the Hong Kong Stock Exchange, and in 2011 it listed on the Shanghai Stock Exchange.

GWM has demonstrated a recent shift toward electric vehicles. After spending a decade on New Energy R&D, Great Wall Motors launched the first model of its electric vehicle sub-brand, ORA, in August 2018 and has since marketed the subsequent model, the ORA R1, as the world’s cheapest electric vehicle coming in at under RMB 60,000 (USD 9,000). In the meantime, Great Wall Motors has announced EV partnerships with BMW and Xiaomi, as well as a large EV foray in Thailand, and is reportedly planning the launch of a standalone EV brand, internally coded as “SL Project.”

Baoding Innovation Great Wall Asset Management Company Limited (保定創新長城資產管理有限公司) is a company controlled by Baoding Great Wall Holdings Company Limited (保定市長城控股集團有限公司) which is in turn controlled by Mr. Wei Jian Jun, who is deemed to be interested in all the shares of the Company held by Baoding Innovation Great Wall Asset Management Company Limited (保定創新長城資產管理有限公司).

  • Wei Jian Jun (魏建军), Chairman and Executive Director
  • Wang Feng Ying (王凤英), Vice Chairman, Executive Director and General Manager
  • Yang Zhi Juan ((杨志娟), Executive Director
  • He Ping (何平), Non-Executive Director
  • Yue Ying (乐英), Independent Non-Executive Director
  • Li Wan Jun (李万军), Independent Non-Executive Director
  • Ng Chi Kit (吴智杰), Independent Non-Executive Director
  • Chen Biao (陈彪), Chairman of Supervisory Committee
  • Liu Qian (刘倩), Supervisor
  • Zong Yi Xiang (宗义湘), Supervisor
  • Hu Shu Jie (胡树杰), Deputy General Manager
  • Zhao Guo Qing (赵国庆), Deputy General Manager
  • Li Hong Shuan (李红栓), Chief Financial Controller
  • Xu Hui (徐輝), Secretary to the Board

GWM has overseas R&D centers in Japan, the United States, Germany, India, Austria and South Korea; factories in Ecuador, Malaysia, Tunisia, Bulgaria, and Russia; and sales networks in Russia, South Africa, Australia, Central and South America, South Asia, the Middle East, and Africa.

Great Wall Motors Sanctions

While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status.

Great Wall Motors Reputational Disclosures

In April 2021, it was reported that Volkswagen was investigating a possible patent infringement suit against GWM over its possible use of the VW Beetle design.

In June 2019, it was reported that GWM was in an ongoing patent infringement case with Honda, which was arguing GWM had used its rear door design and structure.

The latest news on Great Wall Motors from SupChina

Business & Technology

Great Wall Motors has made a risky and possibly premature bet on hydrogen cars

One of China’s biggest carmakers is launching a new line of cars that will run on electricity generated by hydrogen fuel cells. It’s a bold move, but it’s unclear if the company can succeed with a technology Elon Musk calls “dumb.”

May 27, 2022 Source: SupChina

Business & Technology

All the electric car companies in China — a guide to the 46 top players in the Chinese EV industry

Updated December 1: Electric vehicles, smart systems to drive them, and advanced batteries to power them are attracting enormous sums of capital and China’s best engineering talent. These are the companies that are fighting for one of the most lucrative markets in the world. Many of them will be global EV players.

April 20, 2021 Source: SupChina

Future of the electric vehicle industry in China

The latest news on Great Wall Motors from across the web

Great Wall-backed Svolt secures $942 million Series B+ · TechNode

Chinese electric vehicle battery maker Svolt took home 6 billion yuan ($942 million) in its Series B+. Backed by Great Wall Motors, the battery supplier aims to have a design capacity of 600 gigawatt-hours by 2025, which would match up to market leader CATL’s.

December 13, 2021 Source: TechNode

长城欧拉换芯门始末：更爱女人的品牌，栽在芯片上

Great Wall Motors’ Ora electric car brand is in trouble with state broadcaster CCTV for its misleading advertising about the microchip that controls its operating system. It has apologized for using an older chip than shown in its promotions.

December 8, 2021 Source: finance.sina.com.cn