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Monday, August 29, 2022

Upcoming Chinese Brand, Haval, Commits To Electrified Line-Up By 2030


Haval, a long-reported Chinese brand that’s poised to enter the Philippine market has just said that they will be stopping the sale of vehicles powered solely by internal combustion engines by 2030. The move echoes fellow Chinese carmaker, BYD, which has stopped producing purely internal combustion engine-vehicles this year as it focuses on electrification moving forward.

Haval’s parent company, Great Wall Motor says that in addition to discontinuing the sale of pure ICE vehicles by 2030, electrified vehicles—hybrid and EVs will make up 80 percent of Haval sales by 2025. These goals were announced at the brand’s new energy strategy conference in Beijing, China.

As for Great Wall Motor’s broader plans, it plans to transform itself into a “global technology mobility company.” To that end, they have invested around 10 billion RMB in R&D in 2021. Its cumulative investment will total 100 billion RMB by 2025.

Great Wall Motor, through the Haval brand, is long reported to enter the Philippine market. Although those plans were derailed by the COVID-19 pandemic, they’re still determined to launch the brand by the end of this year.

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