Great Wall of China Engine (GWM) continues to expand globally, is said to be seeing Europe as its next production location.
“We are currently looking at where and why experienced Asian carmakers are setting up their European facilities,” said Xiangjun Meng, president of Great Wall Motor Europe. with German publications. car.
“The eastern states of Germany could be a viable option,” he added, noting that “the cost of energy and labor is good” there.
“Also, Hungary or the Czech Republic are also possibilities.”
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Ora the funny cat
It is not clear whether they are looking to buy an existing plant or build a new one, although Mr. Meng noted that the company has received “several purchase offers” for locations where manufacturers are located. Other cars plan to stop production.
The company plans to start production as early as “the next few years.”
Hungary is already home to factories owned by Audi and Suzuki, while Skoda, Hyundai and Toyota make cars in Czechia.
This isn’t the first time GWM has looked at production in Europe, suggesting that in 2019 it plans to build a factory there when it hits 50,000-unit annual sales.
It then considered buying Nissan’s Barcelona plant in Spain in 2021 before withdrawing the profits.
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Wey Coffee 01
Chinese automakers have entered the European market at a rapid pace, prompting calls from automakers like Stellantis. higher tariffs on Chinese cars there.
Great Wall Motor entered the European market last year with the Ora and Wey brands, the former best-selling electric hatchbacks and the latter’s best-selling plug-in hybrid crossovers.
The company has been expanding its presence globally, Acquiring the old Rayong, Thailand factory of General Motors in 2020.
It hasn’t gone entirely smoothly, with Great Wall Motor canceling plans to invest $1 billion in India last year due to tensions between that country and China.
It laid off all of its employees in India and canceled plans to acquire a former General Motors plant there.
