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Great Wall Motor is a major Chinese private automotive company. The holding includes four automobile production enterprises and 20 subsidiary companies producing automotive components.
Performance indicators
2023: Revenue growth of 26% to $24.14 billion
At the end of 2023, the Chinese private automotive company Great Wall Motor (GWM) received revenue of 173.4 billion yuan (approximately $24.14 billion at the exchange rate as of January 29, 2024). This is a 26% increase from the previous year's result, as stated in the financial report published on January 23, 2024.
GWM's net profit in 2023 was recorded at 7.01 billion yuan (about $0.98 billion). The year-on-year drop was 15%. This is also due to fluctuations in exchange rates and unfavorable macroeconomic conditions. At the same time, the company continued to optimize its operating structure in order to improve financial performance.
In 2023, GWM sold 1.23 million vehicles globally. Of these, about 316 thousand were delivered to markets outside China: this corresponds to an increase of 82.5% on an annualized basis. As of December 2023, the company's monthly sales abroad reached 33.48 thousand units.
The report also noted that GWM is increasing sales in the NEV - New Energy Vehicles segment. These are vehicles that are fully or predominantly powered by electricity, including hybrids. In 2023, GWM sold approximately 262 thousand such machines, which is 98.7% more than in the previous year.
It is noted that the growth of the automaker's indicators is facilitated by a commitment to research and development in the field of new technologies. SUVs of the Tank family enjoy success: these cars are in demand, including on the Russian market. The company also produces cars under several other brands - Haval, Wey, Ora and Great Wall Pickup. In June 2023, GWM formed a strategic partnership with Inchcape, a major car distributor.[1]
History
2025: Investments of 30 billion rubles in a plant in the Tula region
The Chinese automaker Great Wall Motor (GWM), which produces cars under the Haval brand in Russia, intends to launch a plant for the production of auto components in the Tula region in 2026. Investments in the project will amount to about 30 billion rubles, as stated in the materials with which TAdviser got acquainted at the end of November 2025.
The new enterprise will be located in the industrial park "Uzlovaya." The plant will manufacture various components for vehicles as well as transmissions. The implementation of the project will create about 1,000 jobs.
In the industrial park "Uzlovaya" there is a plant LLC "Haweil Motor Manufacturing Rus," launched in 2019. First of all, financial investments in this complex exceeded $500 million. According to the government of the Tula region, in 2024 the company produced 132 thousand cars. And in the first five months of 2025, the volume of production amounted to more than 48 thousand cars. In March 2024, a plant for the production of engines for Haval cars was commissioned nearby. Then it was reported that the production and assembly of power units for more than 90% of Haval cars in Russia will be carried out at this site. In addition, plans were announced to create a center for research and development work.
As the governor of the Tula region Dmitry Milyaev noted, the Haval plant located in the Uzlovaya special economic zone is the first and only full-cycle enterprise in Russia, Great Wall Motor. At its facilities, such models are manufactured for the Russian market as Haval Jolion, F7, F7x, Dargo and H9. The company's investments in production in the Tula region as of January 1, 2025 reached 64.18 billion rubles. At the same time, about 4.8 thousand jobs have been created[2]
2022: Tank Auto Brand's Launch on the Russian Market
On October 20, 2022, it became known about the withdrawal of Great Wall Motor (GWM) to the Russian car market of a new brand - Tank. At the first stage, the Chinese company will sell two models of SUVs.
As the press service of the automaker told Interfax, in January 2023, T300 model SUVs will enter the Russian market, and T500 in March. At the initial stage, cars will be imported from abroad, the company said.
The cost of Tank 300 and Tank 500 by October 21, 2022 has not been announced. It is only known that the cars are equipped with a two-liter gasoline turbo engine with 220 horsepower and a three-liter power of 299 horsepower, respectively. The machines will be equipped with 8 and 9-speed automatic transmissions. Ground clearance is not less than 220 mm.
As for the off-road characteristics, both models presented received four-wheel drive with a lock of the rear and front interwheel differentials, and are also equipped with a number of specialized options. For example, for SUVs, a rear and front differential lock with electronic control is available. When slipping the wheels of a car on off-road routes, the driver can lock the differential with one button and confidently overcome the obstacle.
At first, the volume of supplies to new SUVs will be small, so at first they will be transported from China, and, if the models are successful, the localization issue may be considered - Great Wall has an assembly site in the Tula region, where Haval cars are currently being produced.[3]
Notes
Stock price dynamics
| Ticker company on the exchange: | NYSE:GWLLF |
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