Great Wall Motor has agreed to buy General Motors' (GM) car plant in
India, the companies said on Friday Jan 17,2020, as the Chinese automaker expands
overseas amid slowing domestic demand.
The deal, which is expected to be completed by the second half of 2020, will jumpstart Great Wall's plans to build and sell cars in India, bring to an end GM's manufacturing operations in the country
Great Wall, one of the biggest sellers of sports-utility vehicles (SUV) in China, plans to enter India with its Haval and electric vehicle brands and will announce detailed plans at the Delhi auto show in February 2020
The deal, which is expected to be completed by the second half of 2020, will jumpstart Great Wall's plans to build and sell cars in India, bring to an end GM's manufacturing operations in the country
Great Wall, one of the biggest sellers of sports-utility vehicles (SUV) in China, plans to enter India with its Haval and electric vehicle brands and will announce detailed plans at the Delhi auto show in February 2020
No comments:
Post a Comment