Great Wall says it plans to enter the right-hand-drive vehicle market of South Africa.
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Company chairman Wei Jianjun has reportedly said that South Africa will become a new growth momentum.
Great Wall’s exports currently focus on other parts of Africa, the Middle East, Latin America, South East Asia, Russia and Eastern Europe and the company will develop the euro market in face of a weak US dollar, Wei has said.
Great Wall expects to sell 80,000 units overseas in 2008.
The maker claims its product prices are 30%-50% lower than those of similar foreign makes and that makes it unlikely to suffer much from the global economic slowdown; it plans to raise prices slightly in 2008.
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