Post its India debut, Great Wall Motor (GWM) is expanding its global footprint by signing an agreement for the purchase of General Motors’ manufacturing facility in Rayong, Thailand. This announcement is subject to government and regulatory approvals.
Under a signed binding term sheet, GM Thailand and GM Powertrain Thailand legal entities, which include the Rayong vehicle assembly and powertrain facilities, will transfer to GWM. GM and GWM are targeting end of 2020 to close the deal and hand over the site.
“This agreement marks an important milestone in the overall scheme of things for Great Wall Motor in the ASEAN Region and is a testimony of our global expansion strategy that is now focused on South East Asia including India,” said Parker Shi, Vice President, GWM India.
He further added “With the showcase of its line-up in India at the Auto Expo 2020, GWM is looking at India as a manufacturing hub and a very important asset in the ASEAN market, encompassing manufacturing, R&D and exports.”
The acquisition of GM's Thai Rayong plant will help the business development of Great Wall Motor in Thailand and the ASEAN market. Great Wall Motor will expand through the entire ASEAN region with Thailand as the center, and export its products to other ASEAN countries as well as Australia.
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