- The Lobby
- Extra Times
Europe’s first Chinese auto plant opens in Bulgaria
Great Wall Motor became yesterday the first Chinese automaker to open an assembly plant in Europe, aiming to produce 50,000 vehicles per year at the site in northern Bulgaria. “Great Wall’s plans to build a plant in Bulgaria and produce automobiles here are aimed at boosting our production capacity and exporting these automobiles for the European market,” company president and chief executive Feng Ying Wang said.
“We estimate that in three to five years we will have a wide range of models made here and that these cars will be sold in all European countries,” she added at the plant near the northern village of Bahovitsa. The facility, built together with Great Wall’s Bulgarian partner Litex Motors, will initially employ 150 workers capable of making 4,000 automobiles per year from China-imported kits. But plans are to expand capacity to an annual 50,000 cars and 2,000 workers. The company started sales of three Chinese-imported models in Bulgaria last October and supplying the Bulgarian market with locally-assembled cars will remain an immediate priority, Wang said.
Sales will then start in neighbouring countries, with Macedonia, Albania and Montenegro expected to come first by end-2012, while talks will start this year for sales in Serbia, Litex Motors marketing director Ivo Dekov added. “Our long-term plans are that after this first step the automobiles will be presented on the markets of the other European countries,” Wang said, adding that the firm’s aim was to sell cars of “top quality at reasonable prices.”
“We proved that we can produce a car that meets all quality standards, including the toughest EU safety rules,” Litex Motors executive director Iliya Terziev said, backdropped by a tomato-red Vollex C10 city car -- the first model now assembled in the Bulgaria plant. Terziev’s company provided the bulk of the 55 million leva (28 million euros, $37 million) invested in the facility so far.
Total investment is planned up to 150-160 million leva as welding and painting units are added to the assembly lines within the next two to three years, he said. Talks will also start in the meantime to find Bulgarian subcontractors and start making some parts here in the long-run, rather than only assembling China-imported kits, Terziev added.
Responsible Right of Expression — In the interest of freedom of expression, coupled with a true sense of responsibility to encourage community dialogue, the Macau Daily Times offers its readers the opportunity to express their opinions on new-related matters through this website. All opinions are welcome. However, we reserve the right to remove comments that are deemed to be obscene, or are merely insults written under the cloak of anonymity. MDT
- Residents less than satisfied with environment
- Boxing ‘Featherweight Fury’ hits Macau with three world title fights
- MSAR asks Beijing for territorial waters and land from Hengqin
- AS REPORTED BY MDT: Neptune owner’s wife detained following tightened grip on junkets
- IFT and Dusit Thani College partner to organize exchange program
- Gov’t to launch guidelines for water supply in residential buildings
- CE ELECTIONS: Electoral College voting procedure to take place across five locations
- BRIEFS: Concrete falls on Rua do Campo, one injured
- GAMING: Average daily run up 15 pct last week
- Increasing household income and the vanishing smiles
- France meets Asia in Justin Quek’s kitchen
- KW Director calls for universal healthcare insurance
- Australia continues to supply dogs to Macau Canidrome despite country ban
- BRIEFS: CE to answer questions in AL today
- Hac Sa Beach Labor Day Concert expects 10,000 attendees