China's Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman

GUANGZHOU, China/SHANGHAI (Reuters) – China’s top sport-utility vehicle maker Great Wall Motor (SS:) (HK:) aims to sell 300,000 of its premium brand WEY vehicles a year by 2025, its chairman said on Wednesday.

The company aims to roll out the vehicles to Europe in 2021 and to North America in 2023, Wei Jianjun, chairman of Baoding-based Great Wall, said on the sidelines of the Guangzhou Autoshow.

Great Wall has sold over 300,000 WEY-branded SUVs in the past 3 years. Wei told Reuters in September the firm may consider building cars in Europe once sales hit 50,000 a year.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.