The automaker will launch high-end models of electric vehicles and hydrogen fuel cells under the Saloon brand, which will cost more than 300,000 yuan.
Great Wall Motor will launch its first hydrogen fuel cell sport utility vehicles this year and launch a fleet of 100 heavy duty hydrogen trucks this year, as it plans to become a major global manufacturer of fuel cell vehicles. Zhang Tianyu, president of FTXT Energy Technology Co Ltd, a unit of the Great Wall for hydrogen fuel cell vehicle technologies, made the remarks at an event at the Great Wall headquarters in Baoding City. He did not give details on the model. Great Wall, which sold 1.11 million vehicles last year, is China’s top pickup truck maker.
After the event, Great Wall chairman Wei Jianjun told reporters that Great Wall’s plan, which was decided about five years ago, was being encouraged by lowering the cost of solar power. Great Wall will invest three billion yuan ($ 456.61 million) in hydrogen-related technologies over the next three years, Wei said. He also said FTXT will seek external fundraising.
Great Wall, which sold 1.11 million vehicles last year, is China’s top pickup truck maker.
The automaker will launch high-end models of electric vehicles and hydrogen fuel cells under the Saloon brand, which will cost more than 300,000 yuan, Wei said. Great Wall has planned eight new models under the WEY brand, which it aims to compete with Toyota and Volkswagen, Wei said.
It is planning five for the newly launched Tank brand, Wei said, without offering a timeline for the products. Great Wall, which also sells electric vehicles (EVs) and is building an electric vehicle plant with BMW, will have a manufacturing capacity of at least 200 gigawatt hours by 2023, Wei said.
China, the world’s largest auto market, rolled out support policies for hydrogen fuel cell vehicles last year, which require local governments and businesses to build a supply chain and business model. more ripe for industry. Great Wall competitors including Toyota Motor Corp, Hyundai Motor Co and Geely are developing their own models of hydrogen fuel cells.
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