Beijing Autoshow: Great Wall to boost overseas sales to ease overall drop

Great Wall Motor aims to boost overseas sales this year, an official at China's top pickup truck maker said on Saturday, helping to ease an overall drop caused by Covid-19.

The company plans to sell 70,000 vehicles outside China, up from 65,000 last year, Sun Guang, vice general manager at Great Wall's international marketing department, told reporters at the Beijing International Automotive Exhibition 2020.

Great Wall earlier this year forecast overall sales would fall to 1.02 million vehicles this year from last year's sales of 1.06 million units.

International sales make up around 7% of Great Wall's overall sales, and Great Wall plans to increase that gradually, Sun said.

Sun said the Baoding-based automaker plans to start building vehicles in Thailand and India next year, but did not offer detail. Great Wall said earlier this year that it would buy two plants in these countries from General Motors .

The company also plans to sell cars in the European Union.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel