(Yicai Global) Dec. 19 -- China produced and sold the most vehicles in the world in 2009, which renders confidence to the domestic automobile industry, said Wei Jianjun, the chairman of Great Wall Motor. However, it's difficult for independent brands to compete with joint ventures in the short term, and they are facing great anxiety and pressure, he added.
Great Wall Motor has established a clear goal to become the leader in the segment of sport utility vehicles, according to Wei. The Baoding-based automaker has invested all its resources in SUVs and laid the foundation for Haval, which was spun off to operate independently in 2013, to become the leader in the Chinese SUV market. Wey brand was established in 2017 and became a pioneer of premium SUVs in China, Wei added.
Editor: Emmi Laine