Haval operates a vertically integrated automotive engineering, smart factory manufacturing, hybrid powertrain, and global dealer distribution business model. Its commercial revenue engine spans four primary pillars: First, Domestic SUV & Crossover Vehicle Sales (~60% of revenue), monetizing high-volume sales of compact, mid-size, and rugged SUVs (Haval H6, Jolion, Big Dog, Raptor) across GWM's extensive dealership network in mainland China. Second, Global Vehicle Exports & International Sales (~28% of revenue), exporting completely built units (CBU) and completely knocked-down (CKD) kits to over 60 overseas markets, holding top-3 SUV positions in Australia, South Africa, and Southeast Asia. Third, New Energy Hybrid (Hi4 & PHEV) Vehicles (~8% of revenue), selling plug-in hybrid electric vehicles equipped with intelligent multi-motor e-4WD systems. Fourth, OEM After-Sales Parts & Smart Connectivity (~4% of revenue), monetizing original spare parts, extended vehicle warranties, and connected telematics subscriptions.