Great Wall Motors plans to close its Munich headquarters and lay off all employees

Great Wall Motors plans to close its European headquarters in Munich, Germany, at the end of this month and lay off all 100 employees. The move is to meet the challenges of the current European electric vehicle market, including intensified market competition and potential EU anti-subsidy investigations. Despite the closure of the headquarters, Great Wall Motors has no plans to exit the European market, but will continue to develop in existing markets and hand over business management to the Chinese headquarters.