Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Company - Domestic
 Search News  Or
China's 1st auto plant in EU to open on 21 Feb

Jan. 30, 2012 (China Knowledge) - Great Wall Motor Co<2333>, China's largest manufacturer of sports utility vehicles and pick-up trucks, has announced that it will put its first auto plant in Bulgaria, also China's first auto plant in Europe, into operation on February 21.

The facility, located near Lovech, in north-central Bulgaria, was jointly launched by Great Wall Motor and Bulgaria's Litex Motors. The plant started trial operation last November and is expected to have an annual output capacity of 50,000 vehicles with three major models, consisting of SUV Hover H5, Pickup Fengjun 5 and Sedan Voleex C10.

The Bulgarian facility would expand Great Wall Motor's market in the country or even the Europe, said a person familiar with the matter.

Hong Kong-listed Great Wall Motor sold 487,000 vehicles last year, reflecting a year-on-year increase of 22.5%. Of the total sales, 165,000 were Hover SUVs.

The firm's net profit for 2011 surged 25.77% year on year to RMB 3.56 billion, and its operating revenue totaled RMB 30.14 billion, up 31.13% from two years ago.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved