GREAT WALL MOTORS ELECTRIC VEHICLES (GWM)
Great Wall Motors (GWM), a top 10 automaker in China is a private company listed on the Hong Kong Stock Exchange with operations based in Baoding, Hebei Province. GWM is the largest Chinese SUV manufacturer, distributed under its Haval brand which is also represented in Europe. The Havel SUV has been the best performing SUV for 48 consecutive months in May 2017. Great Wall Motors Electric Vehicles strategy is quite ambitious and funded through a $2.7Bln (C¥16.8Bln) share placement, announced in 2015. GWM stated that it would spend around $800M on Research and Development of new energy vehicles (NEV), $600M on the development of an NEV transmission system, around $300M on electric motors and $160 on battery systems. In the same month, LG-Chem announced that it secured a 200,000 unit battery order from GWM. GWM plans to invest near $9Bln in green technology over a 10 year period and is pursuing relationships with Japanese automakers.
Although the planned entry into the NEV market sounds quite exhilarating, in reality, GWM’s approach is far more conservative as it first wants to test the market. The company’s first production EV entered the market in 2016, and it is a variant of the six-year-old C30, previously known as the Voleex C30. The company also favors plug-in electric vehicles above pure electric vehicles. In 2011 GWM explored EV production with defunct Coda Motors.
GWM EV SALES
GREAT WALL MOTORS EVs IN THE NEWS
2017 Week 40 - GWM secures lithium supply
The Chinese automaker Great Wall Motors (GWM) acquired a 3.5% stake in Australian Lithium miner, Pilbara Minerals for $22 million in a bid to secure lithium supply for its EV strategy. To date, GWM has been one of the slower movers in the Chinese EV sector, but the purchase signals a more aggressive stance.
2017 Week 21 - GWM and Renesas team up on self-drving cars
GWM and Japanese chipmaker Renesas Electronics this week partnered to develop autonomous and EV technologies. The companies will develop jointly develop technologies at the Chinese carmakers HQ in Hebei Province. The partners will jointly develop autonomous technology, motor and battery control mechanisms for electric and hybrid vehicles, communication systems, and information and entertainment systems that make use of on-board monitors.
Not sure which model EV to choose?
wattEV2Buy’s easy to use EV Select tool helps identify which electric vehicle is perfect for your specific requirements. EV Select compare electric vehicles battery electric range over various vehicle types. Within four clicks you can get the perfect luxury sedan able to drive your required distance on battery power.
Unsure what the charging cost will be?
wattEV2Buy’s easy to use Charging Cost Calculator compare electric vehicles charging cost in your state and relate it to equivalent gasoline cost. The charging cost calculator also allows you to be specific and customize your electricity cost in kWh and provide results in miles and kilometers, making it usable all over the world.
#Top5 #EVNews W42/17 #TokyoAutoShow #VW e-Delivery Truck #Tesla Tax in Norway #V2G system for PV/EV/Home battery #Autonomous snow plow
#Top5 #EVNews W41/17- #Toyota FCEV Truck #Porsche showcase electric Cayman #China EV sales. #Tesla Competitors emerge for Semi #AutonomousNews
Renault blurs the line between energy and cars as it creates Renault Energy Services to specialize in the fields of energy and electric mobility.