SBMA signs deal to import brand-new SUVs from China
Great Wall Motor Co. Ltd. (GWM), a Chinese auto manufacturer, has signed an agreement with Subic Bay Metropolitan Authority for vehicle importation and distribution.
Great Wall will be bringing in and distributing brand-new SUVs, AUVs, buses and trucks through SBMA, Armand Arreza, the SBMA administrator said.
While the company will initially be shipping in vehicles for local distribution, it also eyes to assemble completely knock down units (CKDs), he said.
Arreza noted that other car distributors are also looking at Subic as an importation point, since it is much easier to bring in shipments using it than other ports in the country.
"Distributors of cars such as Porsche and Audi are now considering Subic as entry point but they should register as locators and pay appropriate taxes," Arreza said.
However, for importation of brand-new vehicles, there is no prohibition in Subic, he said.
GWM is the largest privately owned automotive manufacturer in China and the first privately owned auto company of China listed in the Hong Kong stock market.
GWM owns more than 10 subsidiaries and it has about 8,000 employees.
It is producing pickups series, SUV series, CUV series, motor-homes and special vehicles, etc. GWM has also the capability of developing engines, front and rear axles, and core parts of vehicles.
GWM’s SUV was ranked the number one in terms of sales volume for three years consecutively, promoted the growth of the entire SUV segment in China.
Up to now, it has been the best Chinese vehicle brand in Middle East, South America and North Africa, exported to 50 countries and regions and established a stable international marketing network.
GWM has an annual production capacity of around 400,000 units covering the full range of passenger cars, pickups, SUV and MPV.
Angelo S. Samonte - ABS CBN NEWS
Great Wall will be bringing in and distributing brand-new SUVs, AUVs, buses and trucks through SBMA, Armand Arreza, the SBMA administrator said.
While the company will initially be shipping in vehicles for local distribution, it also eyes to assemble completely knock down units (CKDs), he said.
Arreza noted that other car distributors are also looking at Subic as an importation point, since it is much easier to bring in shipments using it than other ports in the country.
"Distributors of cars such as Porsche and Audi are now considering Subic as entry point but they should register as locators and pay appropriate taxes," Arreza said.
However, for importation of brand-new vehicles, there is no prohibition in Subic, he said.
GWM is the largest privately owned automotive manufacturer in China and the first privately owned auto company of China listed in the Hong Kong stock market.
GWM owns more than 10 subsidiaries and it has about 8,000 employees.
It is producing pickups series, SUV series, CUV series, motor-homes and special vehicles, etc. GWM has also the capability of developing engines, front and rear axles, and core parts of vehicles.
GWM’s SUV was ranked the number one in terms of sales volume for three years consecutively, promoted the growth of the entire SUV segment in China.
Up to now, it has been the best Chinese vehicle brand in Middle East, South America and North Africa, exported to 50 countries and regions and established a stable international marketing network.
GWM has an annual production capacity of around 400,000 units covering the full range of passenger cars, pickups, SUV and MPV.
Angelo S. Samonte - ABS CBN NEWS
posted by OlongapoCity Zambales at
10:53 PM
1 Comments:
gwm is a big success in china and russia for a new suv maker....zxauto not doing good...but this is good news for chinesse makers..check more here
http://www.chinacarforums.com
By
Smartcar Owner, at 5/12/2006 7:26 AM
Post a Comment
<< Home