Tuesday, October 15, 2019
News
NEWS HOME
PRN INDIA
Great Wall Motors' Tula factory in Russia starts production, setting Chinese auto brands on a new journey to global markets
  SocialTwist Tell-a-Friend  
   

TULA, Russia, June 7, 2019 /PRNewswire/ -- Great Wall Motors' Tula factory in Russia, the Chinese automaker's first wholly-owned full-process manufacturing plant outside its home market, was formally put into production on June 5, 2019. The USD 500 million Tula factory was completed following four years of construction with a designated annual capacity of 150,000 units, 65 per cent of which will be produced locally. At the same time, the Chinese automaker's first model being sold worldwide, the Haval F7, rolled off production lines and is now available in markets outside of China. This signifies that the automaker has entered a new stage with its global strategy but more importantly sets Chinese auto brands on a new journey to world markets.

The start-up of the Tula factory is of great significance to Great Wall Motors as the automaker accelerates the implementation of its global strategy. With the establishment of the local plant, the automaker is well positioned to effectively produce automobiles that can better meet the needs of the local market. The Tula plant is expected to have a lasting and far-reaching impact on the globalization of the Chinese automobile industry as it can serve as a "turnkey" model for global expansion by other Chinese automakers seeking to expand into international markets.

The largest investment project of the Chinese manufacturing industry in Russia, is expected to generate over 18 billion yuan (approx. USD 2.6 billion) in total output value and over 3 billion yuan in before-tax profit (approx. USD 430 million) while creating nearly 3,000 jobs. The plant is an important step in the Chinese automaker's efforts to respond to the Chinese government's "Belt and Road" initiative. More importantly, built on the automaker's advanced manufacturing technology, quality management and environmental protection measures, the Tula plant is on track to speed up the formation of the local automobile manufacturing industry cluster and the downstream industry chain, promoting the transformation of the local industrial structure. In addition, the plant not only marks a new milestone in the economic and trade exchanges between China and Russia, but also represents a new era for Chinese automobile brands with operations in Russia.

Photo - https://mma.prnewswire.com/media/899112/Great_Wall_Motors.jpg

More News by PR Newswire India

ZTE launches industry-first 5G+VDSL2 hybrid home gateway

OYO's HR Team Saved 75% At-risk Employees Using inFeedo's Engagement bot, Amber

Ameyo Integrates With Freshworks to Simplify Customer Journey

Nuclear Days 2019 - French Nuclear Industry to Intensify its Operations in Indian Market

Happiest Minds Wins 2019 Red Herring Top 100 Asia Award

The Spielwarenmesse Reveals the Trends for 2020

Xinhua Silk Road: SAIC Motor gains momentum in India with 31,000 orders received by September

CreditVidya Wins the Prestigious 2019 Red Herring Top 100 Asia Award

GCW Global Customised Wealth Announces New Partner: Tim Babich

GTPL Hathway's Consolidated H1 FY20 PAT at Ôé╣ 580 Million, up by 102%

'Where Will Man Take Us?' by Atul Jalan has been Certified a National Bestseller by Penguin Random House India

Tejas Networks Launches World's Largest Disaggregated Packet-optical Switch at India Mobile Congress 2019

Building on Local Momentum: Malaysia's Greater Petaling Joins City Cancer Challenge

Shanghai International Money Fair - one of China's largest financial fairs will be held in December

Europe's Most Trusted Crypto And Precious Metal Companies Partner To Create Gold Token Secured By Bitcoin Network

RGE Commits US$200 Million to Next-Generation Textile Fibre Innovation and Technology

Medisant├ę Earns Acclaim from Frost & Sullivan for Ensuring Better Care Outcomes while Reducing Costs

INSIDE INFORMATION: BW LPG Contemplated Sale of Shares

School House Crafts Multi-Sensory Journey of Discovery and Re-collection for La Mer Campaign Exhibition

Vevue Partners with CBX Exchange for Initial Auction Offering

Frost & Sullivan Recognizes Pepco Holdings and Carlsbad Municipal Water District with Excellence in Resourcefulness Awards at Itron Utility Week

His Holiness The Dalai Lama Awarded Honorary Doctorate by Chitkara University

Surplus Keslow Cinematography Gear Up For Auction

Libyan Investment Authority Loses Claim in the UK Court of Appeal - London

Artificial Intelligence for Risk Management Process by MovingNow

Maruti Suzuki Arena Devils Circuit Season 2019-20 Draws Over 6K Runners in Hyderabad

Quectel Achieves Industry's First 5G Data Call over 5G mmWave Module

Artprice by Artmarket: The Gagosian's Grand Projects for the Late Simon Hantaï (1922-2008)

Ryan International Group of Schools Receive India's Most Respected Brand Award 2019

JD Institute Of Fashion Technology, South Announced its New Domain

VeChain Is Leading Co-sponsor of GDST Seafood Trackathons

The World's Largest Automakers, Along with MOBI, Announce a Joint Proof of Concept for the First Vehicle Identity on Blockchain

Indiannica Learning Announces the Launch of Indiannica Quiz League

Third Annual Convocation Ceremony Will be Celebrated in Apex Professional University

An Encounter of Two Icons: Tic Tac® Meets Coca-Cola®

Birlasoft to Accelerate Invacare's Business Transformation Journey Signs US$ 240 mn, Multi-year Deal, to Provide Complete IT-as-a-Service (ITaaS)

Bali Zoo Celebrated Tumpek Kandang Ritual for all its Resident Faunas

Nitin Mantri Becomes ICCO President

DMCC Awarded 'Global Free Zone of the Year' for a Record Fifth Consecutive Year

Apex Professional University Signed MoU with Life Science Sector Skill Development Council

Find TVU Networks at Broadcast India 2019

UAE and UNESCO Renew Partnership, Extending Efforts to Restore Historic Churches in Mosul

Over 70,000 Visitors, SR2m Falcon Sales on First Day of Riyadh Exhibition

The First Huion Tablet of Inspiroy Dial Series, Q620M was Unveiled at Hong Kong Electronics Fair

ZEISS showcases next-level eye care digitalization at AAO 2019

On Your Marks: 2019 Xi'an Yango International Marathon Starts 20 October

Autodesk Fusion 360 Tools Enable Social Hardware to Advance Design of Prosthetics

Bionik Gold Knee- A New Lease of Life for Young Arthritis Patients

Joy Forum19 to boost Saudi entertainment sector

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
UP govt suspends Maharajganj DM, five ot...
Truck driver from Rajasthan shot and kil...
President to visit Philippines, Japan...
Several NC, PDP leaders to join BJP on T...
Punjab weapons drop may figure in Army C...
Bengal Governor congratulates Abhijit Ba...
More...    
 
 Top Stories
Indian nurses in UAE may lose jobs ... 
BSNL staff to get salary before Diw... 
England's thrashing of Bulgaria ove... 
Dubai malls launch Diwali 'shop and... 
Huawei Mate X to go on sale later t... 
Dubai-based Indian buys tickets to ... 
Sensex up 167 points, auto and bank... 
VVIP security deployed for Prince W...