On Monday, President Wang Fengying said that the sales of Great Wall Motor Co are seen to improve next year if it is going to plan the launching of several new kinds of models. However, the biggest sport utility vehicles or SUV maker in China is still cautious about the exports because of the intensifying competition and currency volatility.
During the previous week, there have been reports from Great Wall regarding a slump of 22 percent on the profit for the third quarter, struck by a launch delay of its premium model of SUV, Haval H8, because of issues on quality.
According to what Wang has said during an interview in Shanghai, the next year’s sales must go up from the current year because of the launching of new models. He also added that the some of the products planned for a 2015 release are H9, H8, as well as H6 Cooper. Wang did not give any specific date for the launch.
The recent company’s exports’ weakness was attributed by Wang to the volatility of currency. However, he also said that over a long period of time, Great Wall remains to be optimistic as it looks at Russia, its largest export market, though it’s experiencing political turmoil.