Great Wall Motor's sales reach a new high and will transform into a global intelligent technology company

Great Wall Motor recently released its 2021 sales data, and the company achieved sales of more than 1.28 million vehicles in the whole year, a record high. The relevant person in charge of Great Wall Motor said that while sales are growing, the company plans to invest a total of 100 billion yuan in research and development expenses by 2025 to transform into a "global intelligent technology company".

Great Wall Motor sold more than 1.28 million units in 2021, an increase of 15.2% year-on-year.

According to the latest statistics, in 2021, Great Wall Motor sold 1280993 new cars, an increase of 15.2% year-on-year, a record high. Among them, the cumulative sales of new energy vehicles 136953, accounting for 10.7% of the total sales. In addition, Great Wall Motor's overseas sales of 142793 units, an increase of 103.7% year-on-year, accounting for 11.1% of sales, a record high, and the complete vehicles have been exported to more than 170 countries. For the growth of market sales, the relevant person in charge of the company said that under the background of the great changes in the global automobile industry, it is now an excellent opportunity period for China's automobile industry to break through. In 2022, Great Wall Motors will seize the favorable opportunity period of sales growth and transform from a traditional car company to a global intelligent technology company.

In terms of R&D investment, in the first three quarters of 2021, Great Wall Motor's R&D investment has exceeded the whole year of 2020. The relevant person in charge of the company said that by 2025, the company will invest a total of 100 billion yuan in research and development expenses to ensure the technological leadership of Great Wall Motors and develop greener, smarter and safer products. In terms of R&D strength, Great Wall Motors has built a global R&D layout, forming a global R&D layout with China headquarters as the core, covering Europe, Asia and North America, and comprehensively covering R&D in the fields of vehicles, core components, new energy and intelligence. Great Wall Motors will increase investment in cultivating R&D talents, and by 2023, Great Wall Motors' global R&D personnel are expected to reach 30,000, of which 10,000 will be software development talents.

In terms of new energy technology research and development, in addition to further improving the existing pure electric and lemon hybrid DHT technology, Great Wall Motors will also focus on the development of hydrogen energy vehicles. At present, the company has joined the fuel cell vehicle demonstration city cluster in Beijing, Shanghai and other countries, and its high-power fuel cell system has begun to enter the hydrogen fuel cell market, and is transitioning from technology research and development to industrialization and marketization. In terms of intelligent technology research and development such as automatic driving, the company will rely on intelligent research and development companies such as product digital center, Zhixing, Xiandou Intelligence, and Nuochuang Technology to increase investment efforts and establish full-stack self-research capabilities around intelligent driving, intelligent cockpits and intelligent services, so that cars can achieve the goal of thinking, judging and sustainable growth, and realize the evolution and upgrading from "perceptual intelligence" to "cognitive intelligence". Passenger cars equipped with Great Wall Motor's self-developed autonomous driving system are expected to reach 1 million units within three years.