On October 26, Great Wall Motor (GWM) announced on its official WeChat account that it has held a signing ceremony in Manila, Philippines with SQ Group’s High Hope Automotive Industrial Co., Ltd. to jointly explore the Philippine market, which marks another progressive move for GWM in the ASEAN region after it entered the Thai and Malaysian market.
According to the agreement, the two parties will jointly explore innovative channel construction and service models in the Philippines, where GWM plans to lay out SUVs, pickup trucks and other flagship models and launch a product matrix covering a wide range of energy power and with high intelligence.
In February 2022, GWM released its ASEAN strategy, planning to gradually commence regular operations in Malaysia, the Philippines, Vietnam, and Singapore based on its operation in Thailand, Brunei, and Laos, with its Malaysian subsidiary established in July 2022. So far, GWM has built a complete new energy product matrix of HEVs, PHEVs, and BEVs in Thailand.
Founded in 1988, SQ Group is an integrated group engaged in manufacturing, real estate, import distribution and other businesses.
From a Great Wall Motor official WeChat account press release