16 January 2019

Great Wall Motor puts brake on Thai plant, WSJ says

China’s Great Wall Motor Co. has postponed plans to build a sport-utility vehicle plant in Thailand, citing political unrest in that country, the Wall Street Journal reported Tuesday. Management decided just before the Lunar New Year holiday at the end of last month to put the project on hold, a company representative was quoted as saying. The Chinese automaker decided that political tension in Thailand could have a negative influence on its new plant investment as well as its efforts to sell cars in the country, the person said. The original plan called for a US$300 million investment in a SUV plant in the eastern Thai province of Rayong. On completion in 2015, the plant would have had a capacity of 100,000 vehicles a year, the report said.

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