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Nikkei Markets

Great Wall Motor expects to enter US market by 2021

HONG KONG (Nikkei Markets) -- Chinese sports-utility vehicle and pick-up truck maker Great Wall Motor on Monday said it is targeting to enter the U.S. market by 2021, as part of its increasing focus on overseas development.

"We don't yet have plans for building a factory in the U.S., but work of research and product development for the U.S. market have started," Chairman Wei Jianjun said at a post-earnings press conference in Hong Kong on Tuesday. "We plan to step into the U.S. market by 2021. There is a lot preparation to do on operation side, such as network establishment."

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