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  • Title
    Executive Vice Chairman and General Manager
  • Affiliation
    Great Wall Motor
  • Country
    China
  • 2020 Rank
    21

Great Wall Motors is barreling ahead with its plans to expand overseas. The Chinese auto manufacturer in August bought a factory in Brazil from Daimler, signaling the auto manufacturer’s first entry into Latin America’s largest market. In September, Great Wall announced plans to sell an electric compact car and plug-in hybrid SUV in Europe in 2022. In the first eight months of 2021, the company’s export sales reached 87,000, more than double its total from the same period in 2020. Great Wall forecasts that by 2025, it will sell 1 million cars overseas, part of its ambitious goal of reaching 4 million in total sales, nearly four times its 2020 volume and a sum that would put it in the same territory as Ford and Honda. Of those 4 million, Great Wall says 80% will be new-energy vehicles, meaning battery-electric or plug-in hybrid models or cars powered by hydrogen fuel cells, a technology Wang has championed.

 

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