Great Wall Motor’s Haval to ditch petrol, diesel from 2030

Great Wall Motors’ Haval automotive marque has reportedly announced it will stop selling internal combustion engine (ICE) vehicles by 2030.

According to a report Monday from CnEVPost on a new energy vehicle (NEV) strategy launch event held by Haval in Beijing, Haval’s general manager, Li Xiaorui, said the company aims to increase the share of NEV sales – which refers to pure electric, plug-in hybrid, and fuel cell vehicles – to 80% by 2025 and will halt all sales of ICE models by 2030.

Haval becomes the latest Chinese automotive brand to make the swap to all-electric official, after Great Wall Motors peer BYD halted production of all ICE vehicles in March.

In June, BYD chairman Wang Chuanfu said that the electrification of the automotive industry is progressing faster than expected, and that the automaker with the most resources, healthiest supply chain, and product advantages will win the larger market.

“How big we can do depends on how much space the market can give,” said Chuanfu, according to national Chinese financial newspaper Securities Times.

“We feel that the process of electrification is accelerating, much faster than we imagined. Whoever has more resources, healthy supply chain and product advantages can win more market.”