Great Wall Motor sales soar 77% in 2010

Great Wall Motor, the largest SUV maker in China,  experienced sales growth of 77 percent in 2010 to 397,000 vehicles, far beyond the industry average, Information Times reported Thursday.

The Chinese automaker exported 55,000 vehicles last year, generating more than 3 billion yuan ($453 million) in sales. Export volume and sales amount both rose sixfold in the year, the Times said.

Great Wall will continue to strengthen research and development, and expects to double its vehicle production and sales again this year, following the launch of over ten new models.

The Hong Kong-listed company aims to sell 1.8 million vehicles per year by 2015, and meanwhile take the lead in five respects: domestic pickup sales, domestic SUV sales, domestic A-class sedan sales, global economic SUV sales, and global economic pickup sales.