Great Wall aims to boost exports 26% in 2012
Great Wall Motor Co. says it plans to export 100,000 vehicles this year -- up from 79,277 units last year -- and up to 300,000 annually by 2015, the state-owned Xinhua news service reported.
However, Great Wall CEO Wang Fengying warned that the rising yuan could dampen exports, Xinhua reported. As of Friday, the yuan was trading at 6.29 per dollar.
Great Wall exports vehicles to a number of overseas markets, including Russia, South Africa, Australia, Chile and Italy.
This year, the company opened a CKD plant in Bulgaria that will produce 50,000 units annually. It also has begun selling its Steed double-cab pickup in the United Kingdom, and plans to export its Hover SUV to that market.
However, Great Wall CEO Wang Fengying warned that the rising yuan could dampen exports, Xinhua reported. As of Friday, the yuan was trading at 6.29 per dollar.
Great Wall exports vehicles to a number of overseas markets, including Russia, South Africa, Australia, Chile and Italy.
This year, the company opened a CKD plant in Bulgaria that will produce 50,000 units annually. It also has begun selling its Steed double-cab pickup in the United Kingdom, and plans to export its Hover SUV to that market.
