Great Wall Motor expands global footprint coinciding with India debut

Post India debut, Great Wall Motor (GWM) expands its global footprint by signing an agreement for the purchase of General Motors’ manufacturing facility in Rayong, Thailand. This announcement is subject to government and regulatory approvals. Under a signed binding term sheet, GM Thailand and GM Powertrain Thailand legal entities, which include the Rayong vehicle assembly and powertrain facilities, will transfer to GWM. GM and GWM are targeting end of 2020 to close the deal and hand over the site. “This agreement marks an important milestone in the overall scheme of things for Great Wall Motor in the ASEAN Region and is a testimony of our global expansion strategy that is now focused on South East Asia including India.”, said Mr. Parker Shi, Vice President, GWM India. He further added “With the showcase of its line-up in India at the Auto Expo 2020, GWM is looking at India as a manufacturing hub and a very important asset in the ASEAN market, encompassing manufacturing, R&D and exports.” Speaking on this occasion GWM global strategy Vice President Mr. Liu Xiangshang said: “The global strategy of Great Wall Motor has begun to take shape after more than 10 years of development. In the past two years, through the export