Great Wall eyes high-end SUV market

Great Wall Motor Co Ltd, one of the major sport utility vehicle manufacturers in China, plans to launch its first high-end SUV brand in May, aiming to further expand its market share.

The model will be equipped with competitive technology, safety performances and design, according to Wei Jianjun, founder and chairman of Great Wall Motor.

Wei said the Wey model will be priced between 150,000 ($21,790) and 200,000 yuan, about 60,000 yuan more than its popular Haval models, the best-seller in the SUV market.