Haval takes over General Motors in Asia

Haval takes over General Motors in Asia

October 5, 2020 0 By autotimesnews

The Chinese carmaker Great Wall Motor buys up the auto enterprises of the American corporation General Motors.

The Chinese company became the owner of a GM plant in Thailand, which opened in 2000. Full-cycle production of Chevrolet Colorado (pickup), Trailblazer (SUV), Captiva (cross), Cruze (passenger car) was carried out here. Capacities allow to produce up to 80,000 cars per year. The cost of the acquisition of the Thai company GM was not disclosed, however, negotiations started in February this year, and the deal was completed on September 30.

The Chinese corporation is going to make a springboard out of this automobile enterprise for conquering the markets of Southeast Asia, here they will assemble both cars with internal combustion engines and electric vehicles. In addition to the Great Wall, it is planned to produce Haval cars.

Along with this, Great Wall has been negotiating since January to buy a GM enterprise in India – the company plans to use it for the production of right-hand drive Haval and strengthen its position in the Indian car market. But these negotiations were suspended at first due to the coronavirus pandemic in the spring, and after that due to the aggravation of the border conflict between India and China this summer. However, the Chinese carmaker still intends to become the owner of the American enterprise, but later, in turn, GM does not currently see other applicants for the acquisition of this plant.

In addition, it was recently noted that the new Haval Chulian crossover was demonstrated at the Beijing Motor Show. It should be emphasized that the manufacturer successfully beat the name of the novelty with the help of a miniature red heart on the license plate.