Great Wall Motor to increase production capability fourfold by 2015
- Source: Global Times
- [16:48 December 08 2010]
Great Wall Motor will build a new plant in 2013 in Tianjin, China, and hopefully complete the construction in 2015 to reach an annual production capability of 1.2 million vehicles at most, in the Chinese municipality, according to an announcement released by the company.
The new plant with an investment of 4.2 billion yuan, will manufacture passenger cars such as B-class sedans and SUVs. It will establish facilities of stamping, welding, painting, assembly and testing for vehicles.
The 1.078 million-square meter-large plant is expected to reach a gross output value of 30 billion yuan.
By 2015, Great Wall Motor's Tianjin plant is expected to have a 250 billion yuan gross product. Along with the Baoding plant in Hebei Province, the automaker will reach a production capability of 2 million vehicles and 1.8 million vehicle sales.
The Chinese automaker at present has an annual production capability of 500,000 vehicles. Its Hover SUV tops among domestic SUV brands for seven years and the Fengjun pickup has been the leader for 12 years in the fields of domestic sales, export sales and market share.
Agencies and Shi Jierui contributed to this story