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Chinese Open First Car Plant in Europe
Spiegel.de ^ | 02/22/2012

Posted on 02/22/2012 5:17:48 AM PST by DeaconBenjamin

Great Wall this week became the first Chinese automobile manufacturer to open an automobile assembly plant inside the European Union. Chinese carmakers are seeking to establish a beachhead into the European market.

Bulgarian Prime Minister Boyko Borisov attended the opening of Great Wall's new factory in the northern Bulgarian village of Bahovitsa. The plant is to be operated jointly by Great Wall and the Bulgarian firm Litex Motors.

"Stepping on the European market is our strategy," Great Wall CEO Wang Fengying said at the opening festivities.

Within three to five years, the company plans to produce an entire line of models in Bahovitsa to be sold in Europe, she said. Test assembly of the Voleex C10 and the Steed 5 pick-up truck, which sell for €8,200 to €12,800, began already in November.

In the midterm, Great Wall plans to assemble around 50,000 automobiles per year at the 500,000 square meter plant. The number of workers is expected to grow from the current total of 120 to 2,000. Initially, the company plans to sell its vehicles primarily in Bulgaria and neighboring Eastern European countries like Serbia and Macedonia, but it later plans to expand into other EU countries.

Attractive Labor Market

Bulgaria, the EU's poorest country, is an oasis of cheap wages and low taxes. Workers are considered well educated and the country is ideal as the site for a company like Great Wall to launch. Given that wages for factory workers have risen considerably in China in recent years, assembly sites abroad have become increasingly attractive for some manufacturers.

Just as the Japanese and Koreans did decades ago, Chinese automakers are hoping to gain strong positions in the longer term in the Western European and United States markets. The move also reflects efforts by Bulgaria to attract more foreign investment.

(Excerpt) Read more at spiegel.de ...


TOPICS: Business/Economy; Foreign Affairs; Government
KEYWORDS:

1 posted on 02/22/2012 5:17:51 AM PST by DeaconBenjamin
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To: DeaconBenjamin

The Chicaps are on the move

They are actually doing what the Russians should have done but lacked the ability


2 posted on 02/22/2012 5:22:27 AM PST by bert (K.E. N.P. +12 ..... Crucifixion is coming)
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To: DeaconBenjamin

Interesting. I have been to Bulgaria and it is a nation of educated people selling bootlegs of everything including McDonalds.

I also thought it strange that all the graffiti in the city of Burgas was in English. They had defaced a Russian statue with “Kill the Russians” and there were American band names painted all over it.


3 posted on 02/22/2012 5:34:50 AM PST by pennyfarmer (Even a RINO will chew its foot off when caught in a trap.)
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To: bert

Bulgaria is part of Europe ?


4 posted on 02/22/2012 5:35:31 AM PST by Eric in the Ozarks (Beware the Sweater Vest)
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To: DeaconBenjamin
Is it a green car? lol

LET'S PUT THIS THING IN OVERDRIVE,
AND BRING THIS FREEPATHON HOME!



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5 posted on 02/22/2012 5:36:34 AM PST by deoetdoctrinae (Gun-free zones are playgrounds for felons)
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To: Eric in the Ozarks

Asia begins at the Bosporus. North and West Europe. South and East Asia


6 posted on 02/22/2012 5:40:55 AM PST by bert (K.E. N.P. +12 ..... Crucifixion is coming)
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To: bert

The USSR could have easily won the Cold War. All they had to do was open up the gulags to American manufacturers.


7 posted on 02/22/2012 5:43:19 AM PST by Wolfie
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To: DeaconBenjamin

I think it’s hilarious that they named a car company after something that isn’t supposed to move. ever.


8 posted on 02/22/2012 6:37:50 AM PST by married21 (As for me and my house, we will serve the Lord.)
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To: DeaconBenjamin

Headline from 2017:

“Driving Deaths up 250% Even Though Motorists Driving Less”


9 posted on 02/22/2012 6:43:35 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: DeaconBenjamin
Great Wall Volex C10


10 posted on 02/22/2012 7:11:19 AM PST by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: DeaconBenjamin
Great Wall Steed 10 Pickup


11 posted on 02/22/2012 7:13:09 AM PST by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: Erik Latranyi

Please don’t shoot me for this, but I swear that car has slanteyed headlights and a bucktoothed grille.

Does the horn go “So solly!”?

(couldn’t resist)


12 posted on 02/22/2012 7:16:37 AM PST by elcid1970 ("Deport all Muslims. Nuke Mecca now. Death to Islam means freedom for all mankind.")
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To: Erik Latranyi
Great Wall Steed 10 Pickup

I'd buy one of those, before I'd ever buy another GM product.
13 posted on 02/22/2012 7:17:19 AM PST by ZX12R (FUBO GTFO 2012 ! We should take off and Newt washington from orbit.)
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To: elcid1970
I swear that car has slanteyed headlights and a bucktoothed grille.

Photobucket
14 posted on 02/22/2012 7:22:15 AM PST by ZX12R (FUBO GTFO 2012 ! We should take off and Newt washington from orbit.)
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To: DeaconBenjamin

I wonder if those cars will be the same quality (or the lack of) as the tools sold by Harbor Freight?


15 posted on 02/22/2012 10:54:05 AM PST by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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