Great Wall Motor Company (长城汽车股份有限公司)

Between 2018 and 2020, Great Wall increased the share of new energy vehicles in its sales to 6.2%. This almost met its 1.5°C pathway in 2020. The company needs to continue to increase its new energy vehicle sales significantly to meet its 1.5°C pathway, which expects by 33.6% of sales to be low-carbon by 2025 and 64.5% by 2030. As it aims to achieve 80% new energy vehicle sales by 2025, it could far exceed this and become a leader in the low-carbon transition.

Great Wall has reduced in-use emissions from its internal combustion engine vehicles at a rate required by its 1.5°C pathway. It will need to decrease emissions from internal combustion engine vehicle at 2% per year to continue to align with its 1.5°C pathway for these vehicles.

Great Wall aims to increase the new energy vehicle sales from 6.2% in 2020 to 80% in 2025, which would likely be a significant business transformation. However, it does not disclose a detailed low-carbon transition plan yet to meet this goal. Besides, the company’s current overall performance is not yet 1.5°C pathway-aligned, it achieves some progress in the low-carbon transition. Scope 1 and 2 emissions and targets disclosure are also lacking. Providing a detailed low-carbon transition plan and improving emission data reporting will help it to better achieve low-carbon transition.

Great Wall does not publicly state an emissions reduction target yet. It did set the ambitious new energy vehicle sales target to achieve 80% new energy vehicle sales by 2025.

Great Wall plans to scale up its new energy vehicle sales but has not clearly set out measures to achieve this, such as capital expenditure commitments or plans to retool manufacturing facilities to build new energy vehicles.

In 2020, Great Wall has 6.2% new energy vehicle sales. The company did not disclose what proportion of its research and development (R&D) expenditure was dedicated to low-carbon technologies.

Great Wall’s scope 3 emissions intensity decreased from 97.2 grammes CO2 per passenger kilometre (gCO2/p.km) in 2015 to 75.2 gCO2/p.km in 2020. It only began disclosing its scope 1 and 2 emissions in 2018 and 2019.

The company has made efforts to reduce its scope 3 emissions and its new energy sales increased from 2015 to 2020. As it has just announced an ambitious new energy vehicle sales target in 2021, it is likely to boost its performance by 2025.