The leading SUV manufacturer, Great Wall Motors (GWM) and General Motors (GM) announced an agreement for the sale of GM Thailand’s manufacturing facilities in Rayong. As per the signed agreement, GM Thailand and GM Powertrain Thailand’s Rayong vehicle assembly and powertrain plant will transfer to GWM by the end of 2020.
The Rayong site in Thailand started in 2000, and it has produced approximately 1.4 million trucks and large SUVs for domestic and international markets of General Motors. The Rayong site is a regional manufacturing hub for SUVs, mid-size trucks, and diesel engines.
Prominent investments and deals by Great Wall Motors & General Motors in the last year are mentioned below:
January 2020: Great Wall Motors announced an agreement with General Motors for the sale of GM India’s Talegaon manufacturing facility in India. The transaction will support the GWM’s plan to enter and invest in India. Great Wall Motors will officially debut its Haval brand and GWM EV in the Indian automotive market shortly.
December 2019: General Motors announced plans to invest $1.5 billion to bring its next generation of midsize pickup trucks to market. The company will invest $1 billion to upgrade its Wentzville truck plant in Missouri, the USA. The company also announced to retain around 4,000 U.S. manufacturing jobs at the Wentzville site.
November 2019: Great Wall Motors and BMW Group announced plans to jointly build a future E-mobility project in Zhangjiagang, Jiangsu Province, in China. The two companies signed a 50-50 joint venture agreement for this innovative cooperation. As per the agreement, MINI fully electric vehicles and new products of Great Wall Motors will be produced there.
November 2019: General Motors’ Chinese Venture announced plans to invest about $4.3 billion in electric-vehicle production over the next five years. Chinese Venture SAIC General Motors would roll out at least nine hybrid or pure-electric models by 2024.
September 2019: Great Wall Motors signed a contract with Autoliv to set up the Safety Evaluation Joint Research Laboratory in North America. As per the deal, Autoliv will increase the safety technology and product support for the globalization strategy of Great Wall Motors, and also it will support to enter the America market.
June 2019: Great Wall Motors announced the completion of the Tula factory in Russia. The Tula facility is the GWM’s first wholly-owned full-process manufacturing plant outside the home market. The company invested around $500 million in the construction of the Tula factory. The factory has a annual capacity of 150,000 units, 65 percent of which will be produced locally.
March 2019: Great Wall Motors signed a framework agreement on strategic cooperation with Brabus Automotive for powertrain, R & D of design of the interior and exterior decoration, and vehicle adjustment. The agreement will help GWM’s to become a world’s SUV leader.
About Great Wall Motors
Great Wall Motors (GWM), headquartered at Baoding in China, is a world-famous SUV and pickup manufacturer. China’s largest SUV & pickup manufacturer, GWM has nearly 70 holding subsidiaries and more than 60,000 employees worldwide. The company has an overseas network of approximately 500 locations in more than 60 countries and regions.
The company owns two brands-Haval and Great Wall which covers three categories: SUV, passenger car, and pickup vehicle and has four vehicle manufacturing bases.