China's Great Wall May Export Compact Sedans Before Selling Them at Home
 Great Wall GWPERI |
SHANGHAI - September 20, 2007:
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The 1.3 liter compact hatchback, named as "Jingling" in Chinese which means smart, will be priced between 40,000 yuan and 60,000 yuan (US$5,300 - $8,000). The new "Jiayu" MPV will be sold between 100,000 yuan and 130,000 yuan (US$13,300 - $17,300).
"Great Wall has yet to get approval from National Development and Reform Commission (NDRC) to sell the sedan in China, and in this case we plan to sell the car overseas first before we can sell it at home," Great Wall president Wang Fengying said.
Great Wall's other sedan models, like i7, Xuanli and Kuxiong, will hit Chinese market in the middle of next year; all these models are installed with manual transmissions and 1.3-1.5 L engines, added Wang.
The Hong Kong-listed firm plans to add a new assembly plant to produce sedans based on its existing facilities. When it starts to operate at full capacity by 2010, Great Wall will be able to produce 300,000 sedans annually.
About Great Wall
Great Wall Motor Company Limited is the largest
privately-owned automobile manufacturer in China. It is the first
privately-owned auto company of China listed in the Hong Kong Stock Market.
Great Wall is famous for its level-headed operation, with enormous economic
capacity and more than 10 years of rapid growth. Great Wall owns 20
subsidiaries and it currently has about 10,000 employees. At present,
products of Great Wall cover Pickups series, SUV series, CUV Series,
motor-homes and special vehicles. Company products are sold in more than 50
countries and regions world wide, including Africa, the Middle East, South
America and Russia. The company exported 32,000 vehicles in 2006.
For more information about the burgeoning auto industry in China please visit http://www.gasgoo.com/Autobiz/list/7/China-News.html
