Persisting Presence of Great Wall Motors in Mexico, Undeterred by Suggested Tariff Increase
Great Wall Motors (GWM), a leading automaker, has reaffirmed its commitment to Mexico despite the potential impact of a proposed tariff adjustment. The tariff reform, part of President Claudia Sheinbaum's Economic Package for next year, could see car imports from China to Mexico increase from 20% to 50%.
GWM's General Manager and Vice President, Pedro Albarrán, is well-aware of the potential impact of the tariff adjustment on the stock market today. However, he emphasized that the company will continue to operate in Mexico, considering it a priority market for its long-term plans and objectives.
The automaker's expansion strategy in Mexico is supported by a growing network of distributors. As of the current report, GWM's distributor network in Mexico boasts over 50 locations, with plans to establish presence in major cities across the country, including Mexico City, Guadalajara, Monterrey, Puebla, Querétaro, León, Toluca, and others.
GWM has been operating in Mexico for nearly two years and has already made significant strides in the market. Between January and August this year, the company sold 9,685 vehicles in Mexico, marking a 6% increase compared to the same period in 2024.
The company's product line in Mexico includes the Haval H6 hybrid SUV, the fully electric ORA 03, Haval Jolion SUV, the Tank 300, and the Poer pickup. GWM has not stated any intention to withdraw from Mexico due to the proposed tariff adjustment. Instead, the company announced its continued investment, growth, and strengthening of strategic and business relationships in Mexico.
Despite the ongoing debate in the Chamber of Deputies regarding the tariff issue between Mexico and China, GWM remains optimistic about its future in Mexico. The company's expansion strategy in Mexico is focused on being an active part of the country's economic, technological, and energy development.
The report on GWM's commitment to Mexico comes from El Economista. It is clear that GWM sees Mexico as a key market in its long-term plans, and the company's commitment to the country remains unwavering, according to Pedro Albarrán.
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