GWM plans 20 new models and 60% of them will be electric

This automaker released the “Haval 5-2-1” Strategy, aiming to develop Haval into the “world’s No.1 professional SUV brand” with annual sales up to 2 million units globally over the next five years, according to Wei Jianjun, chairman of Great Wall Motor.

Under the “5-2-1” Strategy, Haval plans to roll out a total of 20 new models. Featuring cutting-edge technologies of electrification, intelligentization, connectivity and sharing. All that by 2023.

Also over 60% of new models will be NEVs.

From 2019, the outset of Haval’s “going global” strategy, Haval will strive to have the deliveries agreed outside China account for over 20% of its total sales.

Over the past few years, the SUV maker has established favorable presences in Russia and Eastern Europe. Results are good so is experience in exploiting global market and running overseas operation teams for itself. In addition, Haval’s vehicle plant located in Tula, Russia has already been put into operation.

Haval revealed that it plans to invest an additional RMB 30 billion in global R&D over the next five years. From the time being, the automaker has set up a total of 8 R&D centers and technology incubators for autonomous driving, intelligent connectivity, new energy and design around the world.