Great Wall To Invest More $

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Great Wall, the automaker from the Chinese interior is running away with certain segments of the market that other Chinese makers havnt really dared to touch, yet. The Great Wall Hover jeep was awarded the SUV of the year last year in China and has won fans all around the world with its up to date good looks. China Car Times can safely say its one of the best Chinese made SUV’s on the road that both look good, and perform, most other Chinese SUVs neither look good, nor perform (unless you can count the Chery Tiggos)

We’re 100% certain that Great Wall cars is a Chinese car maker to keep an eye on over the next few years, especially with their funky new mini cars that they are bringing out.

GREAT Wall Motor Co Ltd will spend 10 billion yuan (US$1.3 billion) within three years to boost production capacity and break into the car segment to complete its product line-up. One-third of the new investment will be spent on developing new cars, in addition to three billion yuan on research and developing capability and four billion yuan on auto parts facilities, China’s largest maker of sport utility vehicles said yesterday.

The investment will help Great Wall to boost production capacity to 500,000 units by 2010, including 200,000 new car models, and achieve sales of 30 billion yuan during the period.

The car maker has developed five car models and one multi-purpose vehicle since last year, and the first sedan will hit the market in August. Great Wall gained a combined US$422 million after two additional share sales on the Hong Kong Stock Exchange, lifting its total capital to 12.9 billion yuan.