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GM sells Thai factory to Chinese automaker GWM

After 20 years of operation in Thailand, General Motors will cease its activities, and resell its factory to the Chinese manufacturer Great Wall Motors

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General Motors (GM) announced it will stop selling Chevrolet vehicles in Thailand and sell its Rayong plant to Great Wall Motors (GWM) by the end of this year.

GM entered Thailand in 2000 with a vehicle assembly plant with an annual production capacity of 180,000 units and a powertrain plant with an annual capacity of 120,000 units — with a combined investment of US$1.4 billion.

The Rayong plant has produced nearly 1.4 million vehicles since it opened in 2000.

China’s leading sport utility vehicle (SUV) and pickup maker Great Wall Motors on Monday said it will purchase General Motors’ Rayong car production facility in Thailand.

Based in the city of Baoding, in the Hebei province, in the north of China, the company Great Wall Motors owns several brands of SUVs and cars like Haval, Great Wall, WEY and ORA. With more than 500 branches abroad, its vehicles are exported to more than 60 countries.

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China

China Sets Economic Strategy for Next Five Years

The contribution of China’s exports to GDP dropped from 35.4 percent in 2006 to 17.4 percent in 2019, and the number will keep falling gradually

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While analysts puzzle over the meaning of China’s latest economic slogan, the government appears poised to adopt President Xi Jinping’s “dual circulation” strategy as its guiding principle for the next five years.

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China

Economic Stakes are High for US-China Tensions

US assumptions around the eventual convergence of these two systems have radically shifted, hence Trump officials believe a re-orientation of long-standing economic and political arrangements that have brought these nations closer together is now required

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Geopolitical Changes are Afoot These developments coincide with a series of major speeches on US-China relations by key members of President Trump’s administration.

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GWM Signs Definitive Agreement with GM to Purchase Manufacturing Facility in Thailand

GWM (Great Wall Motors) officially signed a share sales and purchase agreement with GM (General Motors) to acquire GM’s production facilities in Rayong, Thailand

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Bangkok – GWM (Great Wall Motors) officially signed a share sales and purchase agreement with GM (General Motors) to acquire GM’s production facilities in Rayong, Thailand, as the company pave way to make Thailand its ASEAN production base for domestic and export for new energy vehicles and internal-combustion engine models.

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