Great Wall Motor Co. to build four new plants outside China by 2015
May 4, 2011
Chinese automaker, Great Wall Motor Co., has announced plans to build four new plants outside China to assemble vehicles from kits, stated CEO Wang Fengying in a report published in Automotive News China.
Great Wall currently operates 12 plants overseas, with another currently being built in Bulgaria. Although the new plants will build vehicles from kits, they will be able to be converted into full-scale assembly plants if needed, according to the company.
The four new plants will be established either as joint ventures with local partners or as wholly owned subsidiaries. “We haven’t decided exactly where the four plants will be located, but they will be in CIS (the former Soviet Union), Southeast Asia, North America and South Africa,” continued Wang.
Great Wall Motors saw a sales growth of approximately 80% in 2010, and the company estimates 2011 sales to reach 500,000 units, with the domestic market accounting for some 420,000 units.
With more than 30 subsidiaries and 38,000 employees, the products of Great Wall Motors include the three main categories of HAVAL SUV, VOLEEX Sedan and WINGLE Pickup. The company already has the capability of producing 800,000 vehicles and parts as well as the ability of independently producing core parts and accessories such as engines, transmission etc.
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