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GWMOTOR Eyes Annual Output of 300K Cars in Europe by 2029
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GWMOTOR (02333.HK)'s International Business President Parker Shi remarked that the company plans to achieve an annual production target of 300,000 vehicles in Europe by 2029, and it is now weighing factory locations in countries such as Spain and Hungary. The company has set a target to reach overseas annual sales of 1 million vehicles by 2030, thus accelerating its European strategic development, he said, believing Chinese brands have enormous potential in the European market, and the planned factories will produce various types of vehicles, from ICEVs to BEVs. To attract mainstream European consumers, the company plans to launch new models such as the multi-power system version of the Ora 5 compact SUV by mid-2026, the President revealed. AASTOCKS Financial News Website: www.aastocks.com |
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