China Great Wall Motors will enter into South African market this month

According to South African media reports on the 13th, China's Great Wall Auto new models will be launched this month in South African auto market. Sale prices are 95,000 Rand to 155,000 rand (around 100,000 to 160,000 Yuan).

"Financial 24" ,a South African financial news website, quoted a report from Merrill Lynch stating that the Great Wall Automobile had already achieved market access from South African Bureau of Standards, and the Group will supply its products through its national distribution network of more than 20 franchised dealers to consumers.

However, the report did not disclose the Great Wall models to be sold in South Africa.

South Africa is an economic power house in Africa, maintaining a steady economic development in recent years, the total population is 47 million, but there are more than eight million vehicles. In South Africa's auto market, in addition to Toyota, VW, BMW, Mercedes and other multinational brands, India's Tata, South Korea's Hyuandai and other brands are competing fiercely in the market.

Since last year, China's auto brands have become very competitive newcomers with relative low price in South Africa; especially Chongqing Chang'an minivan debuted in Johannesburg and other big cities on advertising and media as well as sales dealers. According to figures provided by the South African embassy's Commerce Office, Chongqing Changan minivan exports to South Africa over 2000 units in 2006, Xiamen Kinglong and Beijing Auto bus have been sold nearly 300 units in South Africa.

It is reported that Geely Group is preparing to enter the South African market, too.