Great Wall to assemble vehicles in east China port city of Rizhao
Great Wall Motor Co., China’s largest light-truck maker, signed a land leasing contract with the local government to build an assembly plant in Rizhao, a port city in east China’s Shandong province.
Under the contract signed last week, the factory will mainly produce vehicles for Great Wall’s premium Wey brand. Great Wall also said it plans an r&d center in Rizhao.
Additional information about the plant was not released.
The Rizhao factory will become Great Wall’s fifth vehicle manufacturing site in China.
The private Chinese automaker builds vehicles in Baoding and Xushui in north China’s Hebei province, and the north China port city of Tianjin. A vehicle assembly plant in the southwest China municipality is still under construction.
Great Wall launched the premium Wey brand in 2016 and three light vehicles have been introduced to date: two compact crossovers and an SUV under the brand.
The company also builds and markets crossovers and SUVs under the mass-market Haval marque, pickups under the Wingle brand and sedans under the Great Wall brand.
In the first seven months, Great Wall delivered 525,849 vehicles, a decline of 0.8 percent from the same period last year.
The company in July signed an agreement with BMW Group to form a 5.1 billion-yuan ($739 million) joint venture to produce electric vehicles in the east China city of Zhangjiagang. The partnership is due to launch its first product in 2021.
Great Wall, based in the north China city of Baoding, is listed in Hong Kong and Shanghai.
Additional information about the plant was not released.
The Rizhao factory will become Great Wall’s fifth vehicle manufacturing site in China.
The private Chinese automaker builds vehicles in Baoding and Xushui in north China’s Hebei province, and the north China port city of Tianjin. A vehicle assembly plant in the southwest China municipality is still under construction.
Great Wall launched the premium Wey brand in 2016 and three light vehicles have been introduced to date: two compact crossovers and an SUV under the brand.
The company also builds and markets crossovers and SUVs under the mass-market Haval marque, pickups under the Wingle brand and sedans under the Great Wall brand.
In the first seven months, Great Wall delivered 525,849 vehicles, a decline of 0.8 percent from the same period last year.
The company in July signed an agreement with BMW Group to form a 5.1 billion-yuan ($739 million) joint venture to produce electric vehicles in the east China city of Zhangjiagang. The partnership is due to launch its first product in 2021.
Great Wall, based in the north China city of Baoding, is listed in Hong Kong and Shanghai.
