Tuesday, 8 Jul 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo
  • News
  • Brand
    • BYD
    • Nio
    • Xpeng
    • Zeekr
    • Leapmotor
    • Xiaomi
    • Lynk & Co
    • DENZA
    • Wuling
    • GWM
    • ONVO
  • Electric Vehicle
  • Technology
  • Car Reviews
  • Design
  • Manufacturing
  • Tips & Advice
  • 🔥
  • China
  • Review
  • BYD
  • Tesla
  • electric
  • Specs
  • cars
  • car
  • Nio
  • price
Font ResizerAa
Ride RadarRide Radar
Search
  • News
  • Brand
    • BYD
    • Nio
    • Xpeng
    • Zeekr
    • Leapmotor
    • Xiaomi
    • Lynk & Co
    • DENZA
    • Wuling
    • GWM
    • ONVO
  • Electric Vehicle
  • Technology
  • Car Reviews
  • Design
  • Manufacturing
  • Tips & Advice
Have an existing account? Sign In
Follow US
© 2024 rideradar.online – All Rights Reserved.
Ride Radar > Blog > News > Great Wall Motor news – Gasgoo
News

Great Wall Motor news – Gasgoo

Last updated: October 28, 2024 8:32 pm
Share
SHARE

Great Wall Motor (GWM) has recently released its financial results for the third quarter of 2024, showing a total revenue of 50.825 billion yuan, marking a 2.61% increase year-over-year. This growth is a positive sign for the company amidst a challenging automotive market.

For the first three quarters of 2024, GWM’s total revenue reached 142.254 billion yuan, representing a 19.04% increase from the previous year. This solid performance indicates that the company is on track for continued success in the coming quarters.

In terms of profitability, GWM reported a net profit attributable to shareholders of 3.35 billion yuan for Q3, a slight decrease of 7.82% from the same period last year. However, after excluding non-recurring gains and losses, the net profit for Q3 was 2.722 billion yuan, reflecting a 10.98% drop year-on-year. The company will need to closely monitor its expenses and operational efficiency to maintain profitability in the future.

GWM’s global expansion efforts have been paying off, with the company now exporting vehicles to over 170 countries. This widespread presence has helped GWM establish over 1,000 international dealerships and achieve cumulative overseas sales of 1.4 million vehicles. This global footprint positions GWM as a key player in the international automotive market.

In September 2024, GWM experienced a slight decline in sales, with 108,398 vehicles sold, down 10.88% year-over-year. However, the company saw a record high in overseas sales, reaching 44,105 vehicles, and achieved significant sales in the new energy vehicle (NEV) segment, with around 30,129 units sold. These numbers indicate a growing demand for GWM’s vehicles both domestically and internationally.

Overall, in the first nine months of 2024, GWM sold a total of 853,813 vehicles, a slight decrease of 1.18% from the previous year. Notably, overseas sales surged by 53.16%, reaching 324,244 vehicles and surpassing the company’s total overseas sales for 2023. Additionally, NEV sales showed strong growth, with 211,492 units sold, marking a 24.15% increase from the previous year.

See also  Gasgoo Daily: BYD puts SEAL EV onto Japanese market

GWM’s performance in Q3 2024 demonstrates its resilience and adaptability in the face of market challenges. With a strong global presence and a focus on innovation, GWM is well-positioned for continued success in the automotive industry.

TAGGED:GasgooGreatMotornewsWall
Share This Article
Twitter Email Copy Link Print
Previous Article Best minivans for 2025? Heed the Buzz
Next Article Europe announces hefty tariffs for Chinese electric cars
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad imageAd image

Popular Posts

Trump announces 25% tariff on all cars imported to US

New Tariff of 25% Announced on Imported Cars by President Trump A new tariff of…

By Ride Radar

Ji Yue expands PPA intelligent driving coverage to 300 cities in China

Ji Yue Expands PPA Intelligent Driving Coverage to 300 Cities in China Ji Yue, the…

By Ride Radar

The Application of AI in Automotive Cockpits Review 2025

The evolution of AI applications in cockpit systems has been a fascinating journey, from the…

By Ride Radar

U POWER Tech, King Long to carry out cooperation based on UP Super Board tech

U POWER Tech and King Long Join Forces to Drive Innovation in Electric Vehicles Shanghai…

By Ride Radar

China’s vehicle inventory alert index in Dec. 2024 drops YoY, MoM

China Automobile Dealers Inventory Alert Index Drops in December 2024 Shanghai (Gasgoo)- The China Automobile…

By Ride Radar

Jeep Grand Cherokee to be replaced by Wagoneer S EV in Europe

Jeep to Discontinue Grand Cherokee in Europe, Focus on EVs Jeep has announced that they…

By Ride Radar

You Might Also Like

News

Jaecoo and Omoda owner launches Chery as third UK brand

July 8, 2025
Tesla

Tesla’s Jun retail sales in China rebound to 61,484, second highest this year

July 8, 2025
News

The best electric family cars – driven, rated and ranked

July 8, 2025
News

Rankings of ADAS component suppliers in China (Jan.-Apr. 2025): Market leaders solidify dominance, China’s local players surge

July 8, 2025
logo
Facebook Twitter Youtube

About US

Stay updated on the latest Chinese car models, market trends, and automotive industry news. Get expert insights and real-time updates on China’s evolving auto market.

Top Categories
  • News
  • Car Reviews
  • Electric Vehicle
  • Technology
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 rideradar.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?