Great Wall Motor Rolls out Hover CUV in Vietnam
Chinese private automaker Great Wall Motor Co recently saw its Hover CUV model rolling out of its assembly plant in Vietnam and going to the local market, state media Xinhua News Agency reported.
Located in Nam Dinh City, the plant is jointly established earlier this year by Vietnamese company Duc Phong and Great Wall Motor to produces Hover and Cowry (an MPV model of Great Wall) for sale in the local market.
Duc Phong takes charge of production and marketing of the joint venture while Great Wall Motor mainly provides technologies and auto parts. The plant has an annual capacity of 3,000 cars.
Duc Phong is the second assembly plant Great Wall Motor operates in Vietnam and it has 44 sales outlets around the country bordering southwestern China. Since it stepped in Vietnam in 2005, Great Wall Motor has spent four years in market development and now holds a considerable market share there.
Great Wall is one of the few Chinese car makers that produce its own models rather than manufacturing foreign brands under license. Despite the global financial crisis, Great Wall Motor vehicle sales grew 10 percent last year to 125,000 units, and it is aiming for a nearly 70 percent jump in vehicle sales this year from last year's figure, banking on policy support and new models introductions.
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