The National Corruption Prevention Agency has listed China's major private automaker Great Wall Motor as an international sponsor of the war.. The main reason for this decision is the company's reluctance to leave the Russian market and its plans to further expand its business in this state..
Great Wall Motor is the eighth largest car manufacturer in China. The company is 55.78% owned by Chinese billionaire Wei Jianjun.. GWM manufactures and sells vehicles under brands such as GWM, Haval, WEY, TANK, POER, ORA.
“Following the full-scale Russian military invasion of Ukraine, many international companies have decided to leave the Russian market, while Great Wall Motor says it has no immediate plans to exit Russia and is considering a long-term investment in this market in the amount of more than 3 billion yuan (472.
At the same time, as of 2023, Russia is the largest sales market for Great Wall outside of China.. The country accounted for nearly 30% of Great Wall's overseas revenue last year.
Also, since 2019, the company's first foreign plant for the full-fledged production of cars has been operating in Russia.. Tula produces crossovers HAVAL F7 and HAVAL F7x, HAVAL JOLION and frame SUV HAVAL H9.
In 2022, Great Wall Motor introduced the new Tank brand to the Russian market and plans to bring the Poer KingKong pickup truck, and in 2023 the T300 and T500 SUVs will enter the Russian market.
There are also 115 Great Wall Motor dealerships in Russia..
According to the results of 2022, the Havale Motor Manufacturing Rus plant ranks second in the Russian car market in terms of net profit - $ 340 million. At the same time, Great Wall Motor plans to increase sales of its products by 50.9% to 1.6 million units, which indicates the company's intention to pay significant taxes to the Russian budget..
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Earlier, the NAPC included the Chinese company Xiaomi Corporation in the list of international sponsors of the war, which not only continued its work in Russia after a full-scale invasion, but still remains the leader in sales of smartphones in the Russian Federation..