Great Wall aims for 23% sales increase in 2012
Great Wall Motor Co., China's largest maker of SUVs, is targeting sales of 600,000 vehicles this year, up more than 23 percent from 2011, reports China Daily.
The company will get a production boost from its new Tianjin plant, which launched production of the Haval H6 SUV last August.
According to the state-owned newspaper, Great Wall also hopes to export 100,000 vehicles this year, up nearly 18 percent from 2011.
The company continues to expand overseas. In February, Great Wall's joint venture in Bulgaria will launch production of the Haval SUV, followed by the Voleex sedan and Wingle pickup.
The privately held company is one of China's more profitable automakers. According to China Daily, net profits last year totaled 3.5 billion yuan ($554 million), up from 2.7 billion yuan in 2010.
