Friday, 22 September 2023
WorldWave of Chinese cars 'accelerates': Great Wall Motors will arrive in Mexico...

Wave of Chinese cars ‘accelerates’: Great Wall Motors will arrive in Mexico in September

The Chinese automaker Great Wall Motors (GWM) announced an alliance to financing of combustion and new energy automobiles as hybrid, plug-in and fully electric as part of its strategy to start operations in Mexico from September, the month in which it will introduce its first model to the national market.

GWM will arrive in our country with the launch of its five car brands Tank, Poer, Ora, Haval and Wey. These can be purchased with a 5 percent down payment with the creation of GWM Finance.

The arrival of GWM in Mexico confirms the interest of Chinese automakers in the national market for the sale of vehicles, to which are added brands such as Geely Auto, Arra, BYD, Changan, Chirey, JAC and MG, among others.

About, Alejandro Cardenas Bortonigeneral director of BBVA’s Business and Government Banking, pointed out that the arrival of GWM could favor the placement of vehicles with a loan up to double, as he assured the institution provides financing to around 12 thousand vehicles from Chinaand with this alliance could reach 24 thousand cars.

Besides, BBVA automotive banking estimates that the alliance with GWM could increase its market share from 24 to 26 percent.

It will not be until next September 7 that the new Chinese brand GWM presents its first vehicle to the Mexican market, a hybrid SUV from its Haval sub-brand. the H6 HEV modelwith which he will debut and give a boost to his sales in the country.

Pedro Albarran, vice president and general director of GWM, also noted that the strategic alliance will simplify the way in which financing is obtained with the brand. He highlighted that the automaker estimates that it will end this year with 40 points of sale nationwide offering motorized cars with Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV) and Electric Vehicle (EV) technologies.

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