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Great Wall invests $8.7 billion in production of electric and hybrid cars

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Great Wall invests $8.7 billion in production of electric and hybrid cars

Within the next 10 years, Great Wall, a Chinese car manufacturer, will invest 60 billion yuan ($8,67 billion) in the development of technology for machines operating with the use of new energy sources (new energy vehicles — electric cars, hybrids), the construction of production facilities for them, etc.


This is what the company’s representative announced, Rambler News agency reports on Tuesday.

Great Wall intends to increase its capacities for the production of such cars to 600 thousand per year.

In addition, the head of the Great Wall announced that the company was aimed at the sales growth of at least 10% in the current year. Regarding SUVs is expected to focus on the price range of 150-200 thousand yuan, rather than 100-150 thousand yuan, as it is now. For this purpose the brand of Wey was created.

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