China's $30 bln Great Wall Motor grew overseas sales a whopping 142% in 2021. War in Ukraine casts a shadow over its Russian business. GWM’s overall success outside China blazes a trail for ambitious compatriots to follow, says KatrinaHamlin
Great Wall Motor on March 29 reported a net profit of 6.73 billion yuan for the year ended December 2021, up 25% from 2020. Total operating revenue reached 136 billion yuan, 32% higher than the previous year.
Overseas sales grew by 142%, including a 125% jump in Russia, and represented almost 12% of total revenue.EV car Good Cat by Ora, a brand by Great Wall Motors, is displayed at the Bangkok International Motor show in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha
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