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Great Wall to enter US market by 2021

Chinese automaker Great Wall Motor Company Ltd said it is expecting to enter the U.S. market by 2021 as the company seeks to boost focus on overseas development, Asian Nikkei Review reported.

Great Wall Chairman Chairman Wei Jianjun said the company has no plans yet for building a factory in the U.S., but has started working on research and product development for the U.S market.

Wei added that the company plans to partner with local factories in the U.S. that may be owned by local or Chinese firms.

Great Wall, which makes sports-utility vehicles and pick-up trucks, does business in China, parts of Europe, Australia, South Africa, Asia Pacific, the Middle East and parts of South America. The company sells cars under brands Great Wall, Haval and WEY.