Chinese automaker plans to enter USA market in 2019
17 January, 2018, 16:36 | Author: Darnell Taylor
"By emphasizing independent and innovative research, adhering to the highest worldwide standards in product quality and establishing world-class auto manufacturing systems, we aim to become a world-class brand built on highly developed production, R&D and marketing capabilities", Yu Jun, president of GAC Motor, said in a statement.
U.S. media has previously reported that company executives had been deliberating over a name change.
The Trumpchi sounds too much like Trump, a GAC spokesman told AFP at the Detroit auto show. The similarity to Trump is just a coincidence, Wang added. The GA4, then, was more a display of GAC's abilities as a carmaker as opposed to its first step in USA sales.
The automaker, which has a research and development facility in Detroit, stated its goal is to grow to 1 million vehicles manufactured in the U.S.by 2020. It showed video of seven different models during its presentation. One is a gull-wing compact electric SUV called the Enverge, which is still in the concept phase. The automaker says it will go over 370 miles on a single charge. Ltd. (GAC Motor) traveled some 7,800 miles to globally reveal its new signature sedan, the GA4, at the 2018 North American International Auto Show in Detroit. Wang said he didn't know what the brand's lowest-price vehicle would be in the US.
GAC sold just over 500,000 automobiles in China previous year, up 37 percent from 2016. But according to reports, the company could enter into a partnership with Italian-owned Fiat Chrysler. He says the company's vehicle quality will be ready for U.S. buyers, and it will work with USA partners to meet stricter United States safety standards.
It's not yet clear how GAC plans to enter the US market. Initially it will import vehicles from China but depending on sales, plans to build a factory in the US. The company which sells around 500,000 cars in China and 13 other Asian and Middle Eastern countries plans to enter the U.S. market in late 2019.
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