xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

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

maritime silk road search
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.

Scan the QR code and push it to your mobile phone

Keyword: manufacturing auto china

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

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

Start a Free Trial

Ask Us A Question belt & road login close

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

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

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

Start a Free Trial