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Unperturbed by piracy accusations, Great Wall starts production of Peri
Shanghai, November 1, (Gasgoo.com)-Great Wall Motor Co., a Chinese automaker that was accused to copy Fiat Panda city car, unveiled its ambitious expansion plan this week.
Great Wall held a celebration Monday to mark the occastion of its Peri compact car rolling off production line. On the same day, Great Wall started to use a new logo and a new passenger vehicle production facility .
"We'll make upscale small cars and we're going to change the popular idea that small cars are cheap and of low-quality," said Wei Jianjun, managing director of Great Wall on the press conference.
The company claimed that it spent three years developing its first car--Peri, which Fiat claimed a copy of its Panda. The home-grown automaker is China's largest maker of sport utility vehicles and pickups.
"There are no intellectual property violations whatever with our products and we have legal certifications from lawyers and intellectual property authorities," Mr. Wei told local media.
Priced in a range between 40,000 and 50,000 Yuan ( $5356-$6695 ),Peri is scheduled to hit the Chinese market by December this year, and later it'll later go to overseas markets. Great Wall said it has sales networks or partnership dealers in more than 70 countries.
The company expects to sell 80,000 Peri vehicles by the end of 2008.
Italian automaker Fiat has initiated legal proceedings against Great Wall both in China and in Europe. Fiat expects to have the first court hearings in China in December and in Turin at the end of January, Automotive News reported,
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