GWM's revenue up 32% in 2021

Great Wall Motors registered an operating revenue of 136.3 billion yuan ($21.52 billion) in 2021, up 31.95 percent year-on-year, said China's largest pickup and SUV maker on Sunday.

Its net profit last year soared 26.45 percent year-on-year to 6.78 billion yuan, and the average price of its vehicles rose 14.5 percent from 2020 to 106,400 yuan.

Great Wall Motors sold 1.28 million vehicles in 2021, up 15 percent year-on-year, despite chip shortages and the ongoing COVID-19 pandemic.

The year 2021 was the sixth year in a row that its annual sales had exceeded one million, said the carmaker.

The carmaker said it would speed up its efforts in terms of digitalization and electrification in 2022.

Among other things, connectivity will be a feature available in vehicle models across all its marques, it said.

Great Wall Motors said its Wey and Tank marques will launch vehicles overseas this year, as the carmaker continue its globalization campaign.

Last year, it sold 143,000 vehicles in overseas markets, up 103.7 percent from 2020.