Chinese automaker Great Wall Motor (GWM) released its 2024 financial results, showcasing strong performance in revenue and profits on March 28. The company reported an annual revenue of 202.195 billion yuan, a 16.73% year-on-year increase. Its net profit attributable to shareholders reached 12.692 billion yuan, marking an 80.76% surge compared to the previous year. Additionally, net profit excluding non-recurring items surged 101.4%, hitting approximately 9.735 billion yuan.

GWM attributed its impressive growth to its core business strength and product excellence, as well as optimized domestic product structures. The company’s revenue growth was significantly driven by overseas markets, with total vehicle sales reaching 1.2345 million units. Notably, overseas sales surged 44.61% year-on-year to 454,100 units, contributing to cumulative overseas sales exceeding 1.8 million units. In contrast, domestic sales declined by 14.8% to 780,400 units in 2024. However, new energy vehicle (NEV) sales saw a 25.65% increase to 322,200 units.

Looking ahead, GWM aims to accelerate its transition to smart new energy vehicle technology and expand globally. The company will focus on tailored exports, adapting its NEV product lineup to meet regional market demands. By 2030, GWM plans to achieve annual overseas sales exceeding 1 million units, reflecting its commitment to global growth and innovation.