China's leading automaker Great Wall Motors (GWM) has abandoned its plans to enter the Indian market. Reports suggest that the company has closed its offices and fired all 11 Indian employees.
In the international market, Great Wall Motors sells its electric car R1 under the Ora EV sub-brand. ORA means Open, Reliable and Alternative. The company has prepared it on the All Electric ME platform. It has a 33kWh lithium-ion battery pack and a 33kW electric motor. The company claims that the R1 can be driven up to 351 km after full charging.
GWM had plans to invest $1 billion in India. However, it failed to gain regulatory approval following the new FDI rules that came into force in April 2020. The change in FDI rules was made after heightened border tensions between India and China following a clash between Chinese soldiers and Indian soldiers in the Galwan Valley.
GWM was also in talks to acquire General Motors' manufacturing plant at Talegaon near Pune. The deal was called off after the company failed to get FDI approval from the government.
Great Wall Motors is one of the largest SUV brands in China. The company introduced its products at the 2020 Auto Expo. In this expo, GWM showed a glimpse of an electric car, which was touted as the world's cheapest electric car.
In India, the main focus of GWM India was Software Development for Hybrid and Battery Electric Vehicles, and Artificial Intelligence for Self Driving Cars.
Now after that the company has shut down its shop in India, the chances of launching of the world’s cheapest electric car in India has also ended.
Earlier this year, GWM has announced US$1.93bn in vehicle production investments in Brazil over the next decade.
Starting in 2023, the GWM is planning to produce 100,000 vehicles per year from the state of Sao Paulo, using a factory previously owned by Mercedes Benz in the city of Iracemápolis. Approximately 4 billon reais (Brazilian Currency) will be invested by 2025 and another 6bn reais by 2032, according to local media reports.
In the international market, Great Wall Motors sells its electric car R1 under the Ora EV sub-brand. ORA means Open, Reliable and Alternative. The company has prepared it on the All Electric ME platform. It has a 33kWh lithium-ion battery pack and a 33kW electric motor. The company claims that the R1 can be driven up to 351 km after full charging.
GWM had plans to invest $1 billion in India. However, it failed to gain regulatory approval following the new FDI rules that came into force in April 2020. The change in FDI rules was made after heightened border tensions between India and China following a clash between Chinese soldiers and Indian soldiers in the Galwan Valley.
GWM was also in talks to acquire General Motors' manufacturing plant at Talegaon near Pune. The deal was called off after the company failed to get FDI approval from the government.
Great Wall Motors is one of the largest SUV brands in China. The company introduced its products at the 2020 Auto Expo. In this expo, GWM showed a glimpse of an electric car, which was touted as the world's cheapest electric car.
In India, the main focus of GWM India was Software Development for Hybrid and Battery Electric Vehicles, and Artificial Intelligence for Self Driving Cars.
Now after that the company has shut down its shop in India, the chances of launching of the world’s cheapest electric car in India has also ended.
Earlier this year, GWM has announced US$1.93bn in vehicle production investments in Brazil over the next decade.
Starting in 2023, the GWM is planning to produce 100,000 vehicles per year from the state of Sao Paulo, using a factory previously owned by Mercedes Benz in the city of Iracemápolis. Approximately 4 billon reais (Brazilian Currency) will be invested by 2025 and another 6bn reais by 2032, according to local media reports.
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