Great Wall Motor invests $735 mln more in R&D

Shanghai August 26 (Gasgoo.com) Great Wall Motor, one of China's indigenous automakers, said last week it is planning to invest another 5 billion yuan ($735 million) in R&D of new models as well as large-displacement diesel and gasoline engines, media reported Thursday.

The Baoding-based automaker currently lacks large-displacement engines while the existing ones rely on obsolete technology, so development of the V6 diesel engines and large-displacement engines are badly needed for the company.

In addition, Great Wall is about to launch its next-generation pickups, Hover SUVs, and to develop more than 10 models by 2015.

As the country's largest SUV maker, Great Wall has decided to manufacture its Hover H6 SUV and B-Class sedans in a production base currently under construction in Tianjin, an important economic center in North China.