Chinese start car production in Bulgaria
Great Wall Motors launched operations in Bulgaria yesterday, becoming the first Chinese car manufacturer to assemble cars in the European Union.
With an initial production of 2,000 cars a year, the company intends production to rise to 50,000 annually by 2014.
As Bulgaria is a member of the European Union, the project provides Great Wall with access to other EU countries without having to pay import tariffs.
“In the long term we hope that our cars made in Bulgaria can reach the European market,” said Great Wall’s president and CEO. “Stepping on the European market is our strategy.”