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The new 11 billion yuan Great Wall Motor project is located in Pinghu Lake

In order to expand its own layout, Great Wall Motor has recently made frequent investments. On February 23, Great Wall Motor officially announced that Great Wall Holding Group had signed a contract with Pinghu Municipal Government with a total investment of 11 billion yuan to build a base-type project in the national Pinghu Economic and Technological Development Zone. Just three days earlier, on February 20, Great Wall Holding Group signed an 8 billion yuan cooperation agreement with the Taizhou Municipal People's Government. It is reported that the Great Wall and the Pinghu Municipal Government signed a contract for the project includes the vehicle project, the Yangtze River Delta R D Center and the Great Wall travel three parts, the total investment of 11 billion yuan, covering an area of 1200 mu. Among them, the vehicle project includes the production capacity of new energy and fuel vehicles, with a maximum capacity of 180,000 vehicles, which is scheduled to be put into operation in 2021; The Yangtze River Delta R&D Center plans to invest more than RMB 1 billion yuan in R&D annually, and will build R&D modules such as modeling, core components, automatic driving and intelligent network connection, etc. Pinghu will be the headquarters and start-up site for the Yangtze River Delta region, developing time-sharing car rental, network car rental and long-short rental business, the first phase plans to put more than 2,000 new energy passenger vehicles. Three days ago, Great Wall Motor signed a contract with the Taizhou Municipal People's Government mainly around the vehicle, interior and exterior decoration and chassis manufacturing projects. And will take the automobile entire vehicle manufacture as the core, extends to the key spare parts and the automobile finance, the automobile insurance, the sharing travel and so on the service, constructs the complete automobile industry chain system. Apparently, the Great Wall Motor is moving out of its base in Hebei and is speeding up its distribution to cities in the south. Not only at home, Great Wall Motor is also actively developing its overseas market. It has successively established its presence in Japan, Ben, the United States, Germany, Austria and South Korea have set up overseas research and development centers. Recently, Great Wall Motor announced that it will set up a subsidiary in India.

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