Great Wall breaks ground for assembly plant in east China
Great Wall Motors is the only major domestic Chinese carmaker that continues to add production capacity despite the new-vehicle market’s extended downturn.
The company began construction on Oct. 26 for an 11 billion yuan ($1.6 billion) assembly plant in Pinghu in east China’s Zhejiang province.
The factory, slated to start output in 2021, can initially produce 100,000 vehicles a year, the company said.
The Pinghu plant will become Great Wall’s second production site in east China, following a factory now under construction in Rizhao, Shandong province.
Great Wall is one of the few domestic Chinese light-vehicle makers that has maintained sales growth (+15 percent to top 100,000 vehicles in September; +7% in the first nine months to 724,113 cars) in a market on pace to contract for the second straight year.