China SUV Leader Great Wall’s Profit Gained 26% In 2021 Amid Auto Industry Upheaval:
... [+]Rising sales helped net profit at Great Wall Motor, China’s largest home-grown SUV maker, increase by 26% in the 12 months to December, the big non-government controlled-automaker said on Sunday.
Profit rose to 6.78 billion yuan, or $1.06 billion. Operating revenue grew by 32% to 136 billion yuan, or $21 billion, the company said, citing provisional figures. Great Wall also makes pick-up trucks and sedans. Great Wall announced earlier this month that shipments increased by 15.2% to 1.28 million vehicles last year. Some 750,228 of those were Havals, its SUV model. Sales of Ora sedans, its electric vehicle centerpiece, more than doubled from a year earlier to 134,028. The company, which has factories in India, Russia and Thailand, didn’t give a breakdown between domestic and international shipments.
Great Wall’s business gained at a time when sales in China’s auto market — the world’s largest – expanded by 3.8% to 26 million units last year, according to the China Association of Automobile Manufacturers. China has emerged as an electric vehicle leader whose growth, technology and heft is shaking up the global auto business. Great Wall has emerged as one of China’s private-sector auto industry leaders around internal combustion engines, but sold almost 137,000 new energy vehicles last year, according to production data posted earlier this month. The company faces spirited competition from domestic EV-focused upstarts such as NIO, XPeng and Li Auto.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Robbers show up in a BMW SUV, steal car and belongings from victims at gunpointPolice said that they hop out of the car, walk up to the victims and threaten them with a handgun. In one of the robberies, the victim's car was stolen.
Les mer »
WATCH: New Castle County Police, Neighbor Rescue Elderly Woman Trapped Under SUVNew Castle County police come to the rescue of an elderly woman trapped underneath a vehicle. The scene was captured on bodycam video. Siafa_Lewis reports
Les mer »
Arnold Schwarzenegger flips his SUV onto another car in 'bad' accidentThe actor-turned politician was photographed at the scene of the incident. A woman has been taken to hospital to have her injuries treated following the 'multi-car' carsh.
Les mer »
Groups Warn US Lawmakers Against Fueling 'New Cold War' With China''Combating China' has simply become a convenient excuse for pushing a corporate, militarist agenda that, in reality, actively undermines national security and human rights in the United States and China alike. We need a new approach, not a new Cold War.'
Les mer »
As 11 Omicron cases reported in Beijing, China limits access to Olympic Torch RelayThe flame relay will fun from February 2 to 4, and rally participants will be monitored starting two weeks before events begin.
Les mer »