China's Great Wall to Launch Electric Car and Hybrid SUV in Europe in 2022

People look at a line of Great Wall cars parked in front of the newly opened car factory of Great Wall Motor Co near the town of Lovech, some 150 km northeast of Sofia February 21, 2012. (Reuters)
People look at a line of Great Wall cars parked in front of the newly opened car factory of Great Wall Motor Co near the town of Lovech, some 150 km northeast of Sofia February 21, 2012. (Reuters)
TT

China's Great Wall to Launch Electric Car and Hybrid SUV in Europe in 2022

People look at a line of Great Wall cars parked in front of the newly opened car factory of Great Wall Motor Co near the town of Lovech, some 150 km northeast of Sofia February 21, 2012. (Reuters)
People look at a line of Great Wall cars parked in front of the newly opened car factory of Great Wall Motor Co near the town of Lovech, some 150 km northeast of Sofia February 21, 2012. (Reuters)

Great Wall Motor will launch an electric compact car and a plug-in hybrid SUV in Europe in 2022, it said on Monday, joining a growing number of Chinese carmakers trying their luck on the continent with low or zero-emission vehicles.

The company said at the IAA car show in Munich it will start taking orders for the Coffee 01 plug-in SUV for the German market at the end of 2021. Deliveries of the vehicle, which will have an electric range of 150 kms (93.2 miles) and will be marketed under Great Wall's WEY brand, will start in the first half of 2022.

The IAA show is the first major motor industry event worldwide since the COVID-19 pandemic.

The Chinese carmaker said it will announce other European markets besides Germany for the Cofee 01 soon. The company will also launch its first European "brand experience center" in Munich in early 2022.

Great Wall said the compact electric car, which will fall under its ORA brand and have a range of up to 400 kms, will also come to Europe in 2022. Orders will open for the ORA CAT toward the end of 2021, but the company did not specify in which markets it will be sold.

Chinese electric vehicle (EV) maker Nio Inc said in May that it had launched its first overseas store in Norway.

Rivals Xpeng Inc and BYD already sell electric cars in Europe.



Bosch to Cut Hours for 10,000 Workers in Germany

The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
TT

Bosch to Cut Hours for 10,000 Workers in Germany

The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo

Robert Bosch, the world's largest car parts supplier, will reduce the working hours and pay of around 10,000 employees in Germany, going beyond previously announced reductions and in addition to thousands of job cuts announced on Friday.

In the latest sign of the challenges facing Germany's auto sector due to weak demand and competition from cheaper Chinese rivals, Bosch had said on Friday it would cut up to 5,550 jobs, a day after saying it would cut the working hours of 450 staff, Reuters reported.

Staff mostly on 38- or 40-hour contracts at sites around Germany will have their hours reduced to 35 hours, a spokesperson said on Saturday, confirming a report by dpa news agency.

The slowdown in the German car sector has also shaken Volkswagen, which is in an escalating dispute with workers over plans to close plants in Germany, and Mercedes , which has vowed to make tougher cost cuts.