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Great Wall Motors
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Great Wall Motor Company Limited (GWM, in Chinese: 长城汽车) is a Chinese automobile manufacturer formed in 1976. It is the largest privately owned automotive manufacturer in China and the first privately owned car manufacturer from China to be listed in the Hong Kong stock market. It has obtained HKD 1.7 billion financial investment. With 10 plus years of rapid growth, GWM has accumulated enormous economic capacity, becoming the number one taxpayer consecutively for three years in the City of Baoding. As of 2010, it is China's largest SUV maker<ref name=green>Great Wall Motor in green car push in 2011 reuters.com, TThu Sep 16, 2010 3:32am EDT</ref> and it is among “the Top 500 Enterprises of China in 2004", making it one of the best brands in national automobile range. GWM took its first step to become a truly global company by exporting SUVs to the competitive European market in September 2006. GWM already sells cars in about 60 (mostly developing) countries and exports account for about a third of the company's sales.[1] The company is named after the Great Wall of China.
History
Established in 1976,<ref name="timeline">Milestone Great Wall Official Site</ref> Great Wall initially manufactured only trucks, not producing a sedan until 2008 due to lack of a state license.<ref name="cnn"/>
IPO
Making an initial public offering on the Hong Kong stock exchange on December 15, 2003,<ref name="hklistdate">China Stock Market Handbook, pg. 195 Google Book Search</ref> Great Wall was the first private Chinese auto manufacturer to become a public company.<ref name="firstprivate">Shaking the Globe: Courageous Decision-Making in a Changing World By Blythe J. McGarvie, Robert Kraft, Pg. 140 Google Book Search</ref>
Export
Hailed as an example of a Chinese automaker which not only talked of exporting to foreign markets such as Europe and the US, Great Wall entered the European market in 2006, selling small vans.<ref name="EUentry">Two Billion Cars: Driving Toward Sustainability By Daniel Sperling, Deborah Gordon, Pg. 213 Google Book Search</ref> That same year saw it exporting products to around 60 countries.<ref name="ft"/>
Recent Events
Over 70% of 2010 sales will be light trucks and pick-ups.
Manufacturing plants
As of September 2006, it is believed that GWM has some near-future plans on opening a new manufacturing facility in Tatarstan, Russia, in a special economic zone [2], whilst Iranian motor firm Diar makes a number of Great Wall models under licence.
Outside China
- 660 Great Wall Deer pickups were handed over to Cuba in May, 2006, to replace ZIL 130 and 131, GAZ, KAMAZ and other old trucks and vehicles in Havana´s Electric Company . The ceremony included an special Hover as a gift to Fidel Castro [3] [4]
- Great Wall vehicles are sold in (besides others):
- Belarus
- Bosnia & Herzegovina
- Chile - Since January 24, 2006 with the Hover.
- Costa Rica
- Italy
- Russia
Copying claims
In December 2006 claims were made that Great Wall's new A-segment Peri (called Jing Ling in China) is a copy of Fiat's popular second-generation Panda. Fiat is currently considering legal action. [5]
Models
Concept Models
See also
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Current Haval H3 · Haval H5 · Haval M1 · Haval M2 · Hover · Deer · Wingle · Wingle 5 · Coolbear · Florid · Peri · Voleex C10 · Voleex C30 · Cowry Historic Safe · Sailor · Sing · SoCool · Pegasus · Proteus Concept Hover H7 Concept · CHC011 Concept Include notable internal links here | ||
| name of founder/s | Corporate website | independent |
