By Kate Yuan
(JW Insights) Aug 31 -- Chinese automaker Great Wall Motors (GWM) sold 123,294 vehicles in the overseas markets in the first half of 2023, soaring 80.22% over the previous year, hitting a record high, according to its semi-annual earnings report on August 30.
It now has a presence in nearly every major market in the ASEAN countries except East Timor. The company has entered Indonesia, one of the largest markets in Southeast Asia. As the largest SUV and pickup truck maker in China, GWM revs up its global expansion, China Daily reported.
The carmaker is based in Baoding, northern China’s Hebei Province. It started its foray into the ASEAN region in 2021 with a complete lineup of electric vehicles, hybrids and plug-in hybrids.
Statistics from GWM show that the company's overseas sales reached 27,007 units in July this year, representing year-on-year growth of 83.6 percent.
July marked the fifth consecutive month GWM's overseas sales had exceeded 20,000 units. Its overseas sales from January to July totaled 150,937 units, up 94.7 percent year-on-year.
Since the beginning of 2023, GWM has been making significant efforts in the field of new energy vehicles (NEVs). In H1 2023, the company sold 518,796 vehicles, with revenue reaching RMB69.97 billion ($9.60 billion), up 12.61% compared to the previous year.
GWM boasts five major brands, Haval, WEY, ORA, GWM Pickup, and Tank. Its product portfolio primarily includes SUVs, sedans, and pickup trucks.
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