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Great Wall will put into operation SUV and electric vehicle with 100,000 additional capacity in Zhejiang


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Great Wall will put into operation SUV and electric vehicle with 100,000 additional capacity in Zhejiang

The online car market has learned from the Development and Reform Commission that Great Wall Automobile will invest 2 billion yuan to build 100,000 new vehicles per year in Pinghu, Zhejiang Province, and plan to produce 50,000 new energy passenger cars, 30,000 SUV models and 20,000 pickups per year. This factory is the seventh complete vehicle factory in China after Baoding, Tianjin, Xushui, Chongqing, Rizhao and Zhangjiagang. Judging from the current production capacity distribution, Pinghu factory will mainly put into production Eurasia, Harvard F series and other models.

Great Wall Automobile has a series of products such as Harvard H-series, F-series, WEY, Euler, Fengjun pickup truck, beam and so on, with an existing capacity of 105,000 vehicles. F series, WEY and Euler have just entered the market. With the improvement of product camp and the improvement of market demand, their capacity demand will be further expanded.

Euler, as the "front position" of the Great Wall's new energy sector, is currently in the climbing stage. The first model iQ delivered 1,043 new cars last month, an increase of 46.9% over the previous month. The second model R1 has also been pre-sold, and the first limited number of 777 vehicles have been sold out. Sales of Harvard F series have broken 10,000 yuan a month. Sales of Harvard F5, the first model, have continued to climb, reaching 7,065 in November, a 12.77% annualized increase. Another flagship product, Harvard F7, has broken 10,000 terminal orders and sold 6,067 vehicles.

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      link hidden, please login to view. Forward-Looking Statements
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      SOURCE Genuine Parts Company
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