GreatWall Motor to invest $1 billion in India
Great Wall and General Motors (GM) made a joint proposal last year (2020) seeking consent for the Chinese automaker to purchase the US company’s car plant in India, in a deal expected to be valued at around $250-$300 million.
Great Wall, which plans to invest $1 billion in India over the next few years, said earlier that establishing operations in the country is a key part of its global strategy.
While it’s a nice opportunity to fill the vacuum left by other exiting global makers, reports are that border conflict may put this ambitious venture on hold.