Great Wall Motors releases third quarter report for 2023, selling 344,819 new cars.

Great Wall Motors reports strong third quarter sales of 344,819 new cars in 2023.

【PhoneAuto News】On the evening of October 27th, Great Wall Motors officially released its third-quarter report for 2023. The operating income was 495.32 billion yuan, a year-on-year increase of 32.63% and a quarter-on-quarter increase of 21.01%. The net profit attributable to the parent company was 3.634 billion yuan, and the non-recurring net profit attributable to the parent company was 3.058 billion yuan, a staggering increase of 216.40% compared to the previous quarter, making it the best-performing quarter in history. In the third quarter, Great Wall Motors sold a total of 344,819 new vehicles, a year-on-year increase of 21.5%. The R&D investment reached 1.992 billion yuan, a year-on-year increase of 30.18%.

In the first three quarters, Great Wall Motors achieved a triple jump in eight areas: revenue, net profit, unit vehicle price, gross margin, total sales volume, new energy vehicle sales volume, overseas sales volume, and high-value vehicle models. In the future, Great Wall Motors will continue to strengthen the development of intelligent new energy vehicles, promote the upgrade of terminal services, accelerate the implementation of the “ecosystem going global” model overseas, and build a new pattern for corporate development. With the rapid development in the third quarter, it is believed that Great Wall Motors will achieve even better results in the fourth quarter.

• Geely Beyond 01 officially launched, starting at a price of 249,900 yuan, the world’s first AI car robot.
• Ningde Times Guizhou Base Phase I officially put into operation! Annual production capacity of 30GWh power batteries.
• Guoxuan Hi-Tech and Cao Cao Mobility reached a cooperation agreement to build a new energy ecosystem for shared mobility.

With the continuous growth in sales volume, Great Wall Motors is also continuously breaking through in terms of its ecological impact. Earlier, the company announced that it has partnered with Huawei to become the world’s first team to pass the certification test for the desktop version of HUAWEI HiCar 4.0. The coffee intelligent cabin system, which is equipped with the HUAWEI HiCar 4.0 feature, has already been mass-produced and installed in vehicles, enriching the in-car ecology and further enhancing the openness and usability of the Great Wall Motors Coffee OS system.

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