Exclusive: China's GWM targets 300,000 annual production with first Europe car plant

Core Insights - Great Wall Motor aims to achieve an annual production target of 300,000 vehicles in Europe by 2029 [1] - The company is currently scouting locations for its first car plant in Europe to address declining regional sales [1] Company Strategy - The establishment of a manufacturing facility in Europe is part of Great Wall Motor's strategy to revive its sales in the region [1] - The focus on local production is expected to enhance the company's competitiveness in the European automotive market [1]