Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

companies

HOME > Company


Great Wall Motor to start new auto project in east China

February 21, 2019


Abstract : Chinese automaker Great Wall Motor signed an agreement with the government of Taizhou, east China's Jiangsu Province Wednesday to set up a new automotive manufacturing base.

NANJING, Feb. 21 (Xinhua) -- Chinese automaker Great Wall Motor signed an agreement with the government of Taizhou, east China's Jiangsu Province Wednesday to set up a new automotive manufacturing base.

With an initial investment of 8 billion yuan (about 1.18 billion U.S. dollars), the automobile project, located in Gaogang District, includes the production of vehicles, mainly SUVs, as well as key parts and components like interiors and chassis.

The company said it would also develop auto finance, auto insurance, and other car-related businesses in the city.

Wei Jianjun, chairman of Great Wall Motor, said construction of the project will start soon, without giving a detailed timetable.

Upon completion of the project, Taizhou will become Great Wall Motor's eighth production base nationwide.

The Hebei-based company is considered China's largest pick-up truck producer, which also owns several SUV and car brands like Haval, Great Wall, WEY and ORA.

The company sold 1.05 million vehicles in 2018 and aims to sell 1.2 million this year.


Related Coverage

Focus

Think Tank

  • 'Make in India' and 'Made in China' not zero-sum gam...

    March 1, 2019

    The success "Make in India" initiative will not only be conducive to the de...

  • The fledgling Greater Bay Area needs ‘affable guida...

    February 28, 2019

    From the examples of three bay areas, namely New York, San Francisco and Tok...

  • Economy can resist external pressure

    February 28, 2019

    China is capable of dealing with any pressure because it is committed to dee...

  • Household debt ratio not a cause for concern

    February 26, 2019

    For many families, the mortgage payment to household income ratio is unreaso...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial