日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Great Wall Motor plans to open Russia factory

By Li Fangfang | China Daily | Updated: 2014-05-21 06:44

Facing fierce competition from foreign rivals, China's privately owned Great Wall Motor Co Ltd plans to invest 3.2 billion yuan ($510 million) in building a car manufacturing plant in Russia, its largest export destination.

According to Great Wall's statement filed with the Shanghai Stock Exchange on Monday, the company based in Baoding, Hebei province, will sign an agreement with the government of Tula Oblast, and the Tula Oblast Public-Private Partnership Development Group for a wholly owned subsidiary plant in the oblast, an administrative district about 200 kilometers south of Moscow.

The factory is expected to produce up to 150,000 vehicles a year. An initial investment of 2.1 billion yuan ($337 million) will be used for the first phase of the factory. The company said a second phase will be depend on the commercial success of the project.

Great Wall's shares increased by 0.79 percent to close at 26.90 yuan apiece on the Shanghai Stock Exchange on Tuesday.

Company statistics showed that Russia was Great Wall's largest market outside China, and that in 2013, the company's revenue was 1.65 billion yuan in Russia, accounting for 34.39 percent of the total overseas revenue of 4.79 billion yuan.

But Great Wall's total export of 74,900 units last year - 31,500 pickups, 32,400 SUVs and 11,000 cars - was 21.52 percent lower than the numbers in 2012.

In comparison, the company's sales in its home market were 754,000 units, jumping 21 percent on an annual basis. The revenue in the domestic market also surged almost 40 percent to 51.94 billion yuan.

Wei Jianjun, chairman of Great Wall, said earlier that the company plans to increase annual sales to 1.3 million units by 2015, with a quarter in overseas markets, representing more than 300,000 units.

It is a high hurdle to surmount, as in 2013, the company's sales outside China were only 8.48 percent of total sales.

With exports beginning as far back as 1998, Great Wall has brought its products, mostly pickups and SUVs, to more than 20 countries in five continents. It has established knocked down assembly plants in more than 10 countries, including Russia, Iran, Egypt, Ecuador and the Philippines.

In April, Great Wall said it plans to expand production into Malaysia to further stabilize its foothold in Southeast Asia.

Domestic brands have seen their combined market share decline for the consecutive seventh month in April, according to the China Association of Automobile Manufacturers.

The association said the declining trend is forecast to continue in the near future.

lifangfang@chinadaily.com.cn

 Great Wall Motor plans to open Russia factory

Cars made by Great Wall Motor Co Ltd are presented at an international expo in Moscow. The privately owned Chinese company plans to invest 3.2 billion yuan ($510 million) in building a car manufacturing plant in Russia, its largest export destination. Lu Jinbo / Xinhua

 

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 超碰免费公开在线 | 成人免费观看在线视频 | 亚洲精品自拍偷拍 | 久草视频手机在线 | 日产av在线播放 | 视频一区二区国产 | 黄在线网站 | √资源天堂中文在线 | 成人在线综合网 | 伊人久久精品一区二区三区 | 成人午夜网站 | 日韩 欧美 中文 | 精品久久国产视频 | 欧美在线视频一区 | 国产精品亚洲成在人线 | 日日操夜夜爽 | 一二三不卡视频 | 国产精品99久久久久久久女警 | 污小说男男| 99热在线免费观看 | 一级二级毛片 | 最近中文字幕在线中文高清版 | 国产又长又粗 | 亚洲免费观看av | 五月婷婷伊人网 | 欧美国产第一页 | 精品成人在线视频 | 香蕉视频一区 | 日本激情网 | 免费观看一级一片 | 亚洲天堂av中文字幕 | 欧美精品久久久久久久久久 | 天堂网在线资源 | 色婷婷精品视频 | 亚洲一区二区三区日韩 | 欧美黄色影院 | 黄色大片网站在线观看 | 亚洲精品欧美在线 | 中文字幕在线播放视频 | 午夜在线视频 | 久久你懂的|