Chinese automaker Great Wall Motor aims to sell 4 million cars in 2025

BEIJING (Reuters) – China’s top pickup truck maker Great Wall Motor is targeting sales of 4 million vehicles a year in 2025, Chairman Wei Jianjun said on Monday.

Great Wall, which sold 1.1 million cars last year, aims for 80% of its annual sales in 2025 to be new energy vehicles, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles.

Baoding-based Great Wall is building a car plant in China with BMW for electric vehicles.

Great Wall’s revenue is forecast to reach 600 billion yuan ($92.86 billion) in 2025, Wei said during a briefing on the company’s strategy at its headquarters.

($1 = 6.4612 Chinese yuan renminbi)

(Reporting by Yilei Sun and Tony Munroe; Editing by Christian Schmollinger)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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