Great Wall Motor's revenue in the first half of 2021 was 61.9 billion yuan, a year-on-year increase of 72%
What is Great Wall Motors Great Wall Cannon
Great Wall Motors (GWM) is a leading Chinese automobile manufacturer established in 1984, based in Baoding, China. Focused on producing pickup trucks, SUVs, and electric vehicles, GWM has a reputation for creating reliable and well-built cars that cater to different markets. The Great Wall Cannon - also known as Great Wall P-Series or POER - is one of GWM's flagship pickup vehicle models, highlighting the company's commitment to producing powerful, robust, and technologically advanced trucks suitable for various personal and commercial applications.
Features of Great Wall Motors Great Wall Cannon
The Great Wall Cannon incorporates advanced technology, intelligent safety features, and a highly competent powertrain, making it a standout performer in the pickup truck market. Highlighted features include:
Powertrain: The Great Wall Cannon comes with a powerful 2.0L turbo-petrol engine, providing 140kW of power and 360Nm of torque. Paired with an 8-speed ZF automatic transmission, the Cannon offers seamless gear shifting and excellent fuel efficiency.
Off-road capability: The Cannon is equipped with advanced off-road features, such as Hill Start Assist, Hill Descent Control, and an Electronic Locking Rear Differential, which provide enhanced traction and control in challenging driving conditions.
Technology and Connectivity: The Great Wall Cannon features a 9-inch touchscreen infotainment system with multiple connectivity options, including Apple CarPlay and Android Auto. Additionally, it has a 7-inch digital instrument cluster, providing drivers with real-time vehicle information.
Safety: The Cannon boasts a host of advanced safety features, including Autonomous Emergency Braking, Adaptive Cruise Control, Lane Departure Warning, and Blind Spot Monitoring. These systems combine to offer a high level of protection for the driver and passengers.
Design: The exterior design of the Cannon showcases its rugged appeal, with sharp lines and an imposing grille. The cabin provides comfort and practicality through its ergonomic design, flexible seating configurations, and ample storage compartments.
Great Wall Motor's revenue in the first half of 2021 was 61.9 billion yuan, a year-on-year increase of 72%
On August 27, Great Wall Motor Co., Ltd. (stock code: 601633.SH, 02333.HK; hereinafter referred to as Great Wall Motor) released its 2021 first half financial report. From January to June this year, Great Wall Motor's total operating revenue was 61.928 billion yuan, a year-on-year increase of 72.36%; net profit was 3.529 billion yuan, a year-on-year increase of 207.87%. Among them, the second quarter revenue was 30.811 billion yuan, a year-on-year increase of 31.04%, and the net profit was 1.889 billion yuan, a year-on-year increase of 5.17%, and a month-on-month increase of 15.23%.
Since the beginning of this year, Great Wall Motors has been "user-centric", continuously implementing the category focus strategy, continuously optimizing product and brand structure, actively promoting the upgrading of new energy and intelligent technologies, practicing corporate transformation and global development, and promoting the continuous improvement of corporate operating performance and financial conditions in all aspects. As of June 30, 2021, Great Wall Motors' total assets reached 157.178 billion yuan, an increase of 2.06% from the beginning of the year, and the net cash flow generated by operating activities was a net inflow of 15.110 billion yuan, a year-on-year increase of 58.77%, and the balance of cash and cash equivalents at the end of the period was 21.064 billion yuan, a year-on-year increase of 17.34%, and it continued to transform into a "global technology travel company" with a steady trend.
Five major brands continue to explode, and the average selling price of a single vehicle exceeds 100,000 yuan
The simultaneous growth of revenue and net profit is due to the steady increase in Great Wall Motors' vehicle sales and the average selling price of a single vehicle. In the first half of 2021, Great Wall Motors' terminal sales continued to explode, achieving new car sales of 614,389 units, a year-on-year increase of 53.68%. The brand premium ability has also steadily increased, with the average unit price reaching 100,800 yuan, a year-on-year increase of 12.15%.
WEY Mocha
Since 2021, Great Wall Motors' brand matrix and product lineup have accelerated renewal. Under the category innovation strategy, Great Wall Motors builds brands with categories and officially launches the new brand Tank, forming a new brand matrix consisting of Haval, Great Wall Pickup, WEY, Ora and Tank.
Haval's new flagship SUV "Haval Beast"
Relying on the insight into the personalized and diversified needs of users, Great Wall Motors' five major brands have launched the third-generation Haval H6 2.0T, Haval H6 Guochao Edition, Haval Big Dog 2.0T, Haval First Love, Haval Chitu, Haval M6 PLUS, Great Wall Cannon Passenger Pickup Global Edition, Great Wall Cannon Fire Cannon, WEY Mocha and many other new models, achieving accurate coverage of more blue ocean markets and market segments.
Great Wall Cannon Cannon
In the second half of the year, Great Wall Motors will continue to release product potential and launch new products such as Haval Shenshou, Haval H6S, WEY Macchiato, WEY Latte, Ora Cherry Cat, Ora Punk Cat, Tank 500, etc. At the upcoming 2021 Chengdu Auto Show, more new models will also debut, with a more competitive product lineup to meet the travel needs of users in various market segments and continue to promote the brand upward.
Deeply cultivate new tracks, technology R&D investment increased by 63.15%
The experience upgrade brought by the continuous implementation of forward-looking technologies is also a key factor in the continued high sales of Great Wall Motors. In the first half of 2021, Great Wall Motors invested nearly 2.9 billion yuan in technology R&D, an increase of 63.15% over the same period last year, to accelerate the deployment of forward-looking technologies such as efficient fuel power, intelligent driving, and intelligent cockpit in new products, and deepen the innovation of new energy and intelligent technologies.
Ora White Cat Little Wildcat Edition
At present, 90% of Great Wall Motors' models have realized L2 intelligent assisted driving functions, and all newly launched vehicles have realized vehicle networking functions. In June this year, the sales of new models equipped with the three major technology brands of "Lemon", "Tank" and "Coffee Intelligence" accounted for nearly 50%, becoming a new engine to promote the sales growth of Great Wall Motors.
Tank 500
In the first half of this year, with more sufficient R&D funds, Great Wall Motors' three major technology brands continued to grow rapidly, constantly breaking through a number of technical barriers, and released a number of core technologies such as 3.0T+9AT/9HAT super powertrain, hydrogen lemon technology, Dayu battery, and Coffee Intelligence 2.0, helping Great Wall Motors seize the new track for future development.
3.0T+9AT/9HAT super powertrain
Among them, the 3.0T+9AT/9HAT super powertrain will be first installed in the Tank 500, which will debut at the 2021 Chengdu Auto Show. Hydrogen lemon technology will also help Great Wall Motors debut the world's first C-class hydrogen fuel cell SUV this year, accelerating the industrialization and marketization of hydrogen energy vehicle products.
Firmly determine corporate transformation and global development and sprint towards the future
With a bold and decisive momentum and a delicate attitude, Great Wall Motors continued to promote corporate transformation in the first half of this year. In terms of organizational mechanism, we will create a 3.0 version organizational structure of "strong backstage, large middle stage, small front stage", taking a key step in the transformation from an automobile manufacturing enterprise to a user service operation enterprise. In the future, we will also deepen the C2B user operation model, establish a new business model of "product + software + service", open up the value chain of the entire life cycle of automobile consumption, and create, share and win with users.
In terms of talent innovation, we will continue to implement the "Ten Thousand People Plan" and the "Global Talent Live Water Plan", and implement a new equity incentive plan to promote employees to transform into "partners". At present, the two equity incentive plans have cumulatively granted more than 10,000 people, covering 50% of core employees. In the future, we will roll out a wide-coverage equity incentive model to cover 100% of valuable employees.
Great Wall Motors officially enters the Brunei market
From January to June this year, Great Wall Motors has achieved remarkable results in the global competition. Thanks to the excellent performance of global models such as the third-generation Haval H6, Haval First Love, and Great Wall Cannon in overseas markets such as Russia, Australia, Chile, and South Africa, Great Wall Motors' overseas sales have repeatedly hit new highs, with overseas sales of 61,559 vehicles in the first half of the year, a year-on-year increase of 133.24%, further contributing to the stable growth of half-year performance.
Under the hot global market demand, Great Wall Motors has proposed a new strategic goal of 1 million vehicles overseas in 2025, and has continued to break through for this. Recently, Great Wall Motors and Daimler Group signed an agreement on the acquisition of the Iracemapolis plant in Brazil, and the transaction is expected to be completed before the end of the year. This move will accelerate the development of Great Wall Motors in the South American market. The Jingmen vehicle production base has also officially started production, and the competitiveness of Great Wall Motors' global system continues to strengthen.
Great Wall Motors and Daimler Group signed an agreement on the acquisition of the Iracemapolis plant in Brazil
At the same time, Great Wall Motors also brought the third-generation Haval H6, Haval First Love, Great Wall Cannon and other products to Nepal, Iraq, Brunei and other overseas markets, and continued to expand the market territory in South Asia, the Middle East, and ASEAN. In July this year, Great Wall Motors sold 2,932 vehicles in Russia, a year-on-year increase of 60%. Great Wall Pickup ranked first in Chile, and Haval brand entered the top 5 compact SUV sales in Egypt, demonstrating Great Wall Motors' increasing global competitiveness.
The third-generation Haval H6 was launched in Iraq
Next, with the 2025 strategy as the program and the transformation into a "global technology travel company" as the goal, Great Wall Motors will continue to go all out and overcome difficulties to promote the continuous improvement of the product brand matrix, the continuous improvement of scientific and technological research and development capabilities, and the continuous deepening of global development, so as to achieve a new peak of its own development.
Buy Used Great Wall Motors Great Wall Cannon
Purchasing a used Great Wall Motors Great Wall Cannon can provide many benefits, including cost savings, extended warranties, and certified pre-owned options. To ensure a reliable and well-maintained used vehicle:
Reputable Dealers: Purchase from a reputable dealership or authorized seller with a solid reputation, providing a transparent history of the vehicle to avoid hidden issues.
Vehicle Inspection: Conduct a thorough inspection of the truck, including examination for any signs of rust, leaks, or damage to the bodywork. Test drive the vehicle to ensure the engine, transmission, and brakes are functioning properly.
Maintenance History: Request the service and maintenance history of the pre-owned Great Wall Cannon to ensure it has been adequately looked after, with timely services and genuine replacement parts.
Certified Pre-Owned: Consider choosing a certified pre-owned (CPO) Great Wall Cannon, which undergoes thorough inspection and refurbishment processes, and may come with additional benefits such as extended warranties and road assistance programs.
Negotiate Price: Research the market value of the Great Wall Cannon and be prepared to negotiate on the price, ensuring you get the best possible deal.
By considering these tips, buyers can find a used Great Wall Motors Great Wall Cannon that offers the same capabilities of a new one while enjoying significant cost savings.
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