|Bid||8.74 x N/A|
|Ask||8.75 x N/A|
|Day's Range||8.67 - 8.79|
|52 Week Range||6.08 - 11.12|
|Beta (5Y Monthly)||1.64|
|PE Ratio (TTM)||19.00|
|Earnings Date||Aug. 25, 2018|
|Forward Dividend & Yield||0.29 (3.32%)|
|Ex-Dividend Date||May 31, 2019|
|1y Target Est||6.01|
Great Wall Motor has agreed to buy General Motors' (GM) car plant in India, the companies said on Friday, as the Chinese automaker expands overseas amid slowing domestic demand. The deal, which is expected to be completed by the second half of 2020, will jumpstart Great Wall's plans to build and sell cars in India and bring to an end GM's manufacturing operations in the country. People aware of the deal told Reuters earlier on Friday that the two companies had agreed on the sale, with one of the sources adding that Great Wall is likely to pay around $250 million to $300 million to acquire the plant.
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BMW and its partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year, and which will produce BMW's electric MINI brand and Great Wall Motor models. The new joint venture Spotlight Automotive, will be based in Zhangjiagang near Shanghai and eventually employ 3,000 staff. Earlier this month, Great Wall gained domestic regulatory approval for the new plant.
China's Great Wall Motor has gained domestic regulatory approval to build a factory in China together with BMW , it said on Friday, paving the way for the German carmaker to develop and build a low-emission Mini. Since February 2018 BMW, which sells a little more than 2 million cars a year, and Chinese SUV manufacturer Great Wall, which sold around 1 million vehicles last year, have tried to share the costs of building a low-cost electric vehicle on a joint platform to be used by both brands, but the project ran into regulatory hurdles. The project, with total investment of 5.1 billion yuan ($724.4 million), will have annual capacity of 160,000 combustion engine cars for export, Great Wall said in a Shanghai Stock Exchange filing.
GUANGZHOU, China/SHANGHAI (Reuters) - China's top sport-utility vehicle maker Great Wall Motor aims to sell 300,000 of its premium brand WEY vehicles a year by 2025, its chairman said on Wednesday. The company aims to roll out the vehicles to Europe in 2021 and to North America in 2023, Wei Jianjun, chairman of Baoding-based Great Wall, said on the sidelines of the Guangzhou Autoshow. Great Wall has sold over 300,000 WEY-branded SUVs in the past 3 years.
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FRANKFURT/BEIJING (Reuters) - China's Great Wall Motor may consider building car manufacturing facilities in the European Union once its sales there hit 50,000 units a year, its chairman said, as part of a push to seek growth in overseas markets. Great Wall, the top sport-utility vehicle and pickup truck maker in China, is now exploring sales and production in overseas markets to expand its global influence and seek higher profit, as growth in the world's largest auto market slows. The company plans to start selling WEY-branded SUVs to the European Union in two years, Chairman Wei Jianjun told Reuters in an interview on the sidelines of the Frankfurt auto show, referring to its more premium brand.
China's Great Wall Motor on Wednesday said that its joint venture with BMW faced regulatory uncertainties as both companies pledged to proceed with plans for developing a low-cost electric car. The regulatory questions are over whether the joint venture will be able to obtain the required approvals for building a joint factory, Great Wall said in a stock market filing made in response to media reports that the alliance was in trouble. Since February 2018 BMW and Great Wall have worked on plans to build a low-cost electric vehicle on a joint platform which BMW would use for the Mini brand and Great Wall would use for its own brand.
BAODING, China/BEIJING (Reuters) - A Chinese battery maker carved out of the country's biggest sport utility vehicle manufacturer, Great Wall Motor Co Ltd, on Tuesday said it is planning its first overseas manufacturing base in Europe. SVOLT Energy Technology Co Ltd, which became independent in 2018, also said it is making "good progress" on developing a cobalt-free lithium-ion battery - a goal of battery producers aiming to eliminate the pricey and increasingly scarce mineral. "We plan to have five production bases worldwide, including in the United States, but it will take time," said SVOLT general manager Yang Hongxin at an event in the Chinese city of Baoding.
Grey Liu bought his third vehicle four months ago - a Foton pickup truck, lured by its $7,000 price tag and its ability to transport his sports motorcycle to the grasslands of northern China where he likes to ride. The Beijing-based businessman is among a growing number of drivers in China keen on pickups - either for leisure or just because they like them, expanding the market beyond traditional demand for farm, construction and maintenance work. Pickup demand - both work-related and the newer interest from mainstream consumers - has climbed on the back of an easing in government restrictions and last year China became the world's second-biggest pickup truck market.