Great Wall JV to Produce EU Cheapest Cars in Bulgaria

Sun, 06/12/2011 - 22:14 — Michał Hadyś

Voleex C10 sedan, Hover H5 SUV and Steed pickup are the three different vehicle models, which Chinese car maker Great Wall Motor Co and Bulgarian company Litex Motors will produce in the town of Lovech, Northern Bulgaria, at very competitive prices – according to novinite.com. The companies are to roll off their first vehicles by the end of the year amid expectations for a furore not least because of their low prices - service said.

Even though the price list has not been officially announced, unconfirmed reports say Voleex C10, a small supermini-class hatchback, will be tagged at BGN 12 500, VAT included, making it the cheapest car not only in Bulgaria, but across the whole of Europe.

The other two models of the Chinese-Bulgarian joint venture will also break price records for a large SUV and pickup. Prices for the Great Wall Hover will start from BGN 25,000 and for Steed, from BGN 20 000, VAT excluded.

The plant will have an annual production capacity of 50,000 units and assemble four different models – a sports utility vehicle (SUV), a pickup and two passenger car models, which are expected to be sold in European Union countries.

Source: novinite.com
Source: 24chasa.bg

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