The Great Wall Motor has been manufacturing cars in Tula, Russia since early June.
Great Wall is China's largest asphalt truck manufacturer. According to the company's announcement, initially 80,000 cars will be made at the Tulai plant per year, and production is planned to be raised to 150,000 a year later. From June 5, the Great Wall Haval F7 model will be produced in Tulsa.
The Great Wall invested nearly $ 500 million to start production in Russia, with 2.5 thousand working at the Tulai factory.
Forbes's latest global list of two thousand companies, Great Wall Motor is ranked 842th, its market capitalization is $ 12.1 billion, and the company founded in 1984 employs nearly 63,000 people.
China's first-quarter after-tax profit in the first quarter of this year was 643 million yuan (1 yuan = 42.45 forints), a decline of almost 70 percent compared to a year earlier. In the first quarter, the number of cars sold in the first quarter increased by 10.61 percent to 284,000.
Great Wall Motor expects to sell 1.2 million cars this year, 14.28 percent more than last year.
(Source: vezess.hu / photo: pixabay.com)