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GWMOTOR's First European Plant Targets Annual Output of 300K Cars
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GWMOTOR (02333.HK) confirmed plans to establish its first complete vehicle plant in Europe, with a designed annual production capacity of 300,000 vehicles. This is aimed at supporting the localization of supply for its NEV and ICEV models to Europe and neighboring markets. However, details regarding the new plant's location, investment amount, and production timeline have remained veiled. The company's management had stated that the European base will integrate battery assembly and complete vehicle manufacturing, with plans to introduce a local supply chain system to reduce tariffs and logistics costs while complying with EU carbon emission regulations. AASTOCKS Financial News Website: www.aastocks.com |
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