Great Wall Motors plans to close European headquarters

Affected by EU sanctions and other factors, Great Wall Motors was reported to close its headquarters in Europe and reduce its business scope. In addition, NIO's third brand "Firefly", which was originally planned to be launched in Europe, also adjusted its release strategy, and its first new car will be launched in the Chinese market first. Faced with unfair EU tariffs, Chinese automakers such as Great Wall Motors and NIO face challenges in business development in the European market.