Great Wall Motor to build assembly plant in Moscow
(chinatrucks.com, Dec.11, 2009)Great Wall Motor Co., Ltd., one of China's indigenous automakers, is reported to create an assembly plant in Moscow in 2010, and the annual production capacity will likely reach 50,000 sedans.
Upon the cooperation agreement Great Wall Motor has entered into with its promoter in Russia, about USD 25 million will be invested in the to-be-built factory. Apart from the vend in the Russian market, the Chinese company plans export of the vehicles yielded from the Moscow-based plant to Europe.
Presently, Great Wall Motor decreases sharply in its sales revenue in Russia, and the local consumers just can be charmed by the cheap price of its products. So the carmaker considers that the establishment of an assembly plant should be the only way to occupy the Russian automotive market again and to represent a 10% market share.
Great Wall Motor aggregately sold 1,496 vehicles in Russia, with a 72% fall year on year, compared with 6,238 and 8,236 units in 2007 and 2008, respectively, according to the European Free Trade Association (EFTA).
Views:0
- Great Wall Acquires Daimler AG’s Plant in Brazil 2021-08-19
- GWM Sold 91,555 Vehicles Worldwide in July, up 16.9% Year-on-Year 2021-08-19
- GWM’s Sales Volume in Australia and New Zealand Ranks Top Ten, Hitting a New H 2021-06-10
- Great Wall Pickups Make Entry into the Egyptian Market 2021-04-15
- Great Wall Set Up Auto Plant in Jingmen, Hubei Province 2020-10-21
- BYD and HINO to Form a JV for Commercial Battery Electric Vehicles Development 2020-10-21
- Great Wall Poer Put Four New Vehicle Models on Display at Auto China 2020 2020-09-30
- Great Wall Motors Sold Over 20 Thousand Pickups in August, Up 80 Percent YOY 2020-09-21
- Great Wall to Start Pickup, SUV Production in Thailand Next year 2020-06-23
- Great Wall “P” Series Pickup Launched with“Super Five Star” Program 2019-09-26
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021