On May 9, the first Chevy Move N300 microvan, a re-badged Wuling Rongguang, rolled off assembly line in GM’s factory in Egypt. Built from complete-knock-down (CKD) kits provided by SGMW, a three-way joint venture between SAIC, GM, and Wuling, the N300 will go on sale in the third quarter of 2012. It will be distributed in North Africa and the Arabia Free Trade Zone.
SGMW and GM Egypt signed a technological license and engineering services agreement in November, 2011, regarding the assembly of the Chevy Move N300 in Egypt. Annual production of the cheap van is expected to reach 5,000. Currently, the N300 is available locally as an imported model; so is the smaller N200, a re-badged Wuling Hongtu.
Egypt is the first but not the only foreign country to produce Wuling models. In August, another model from SGMW, the Wuling Hongguang or CN100, is scheduled to roll off line at GM’s factory in Halol, India.
SGMW, the largest microvan maker in China, delivered over 1.3 million vehicles in 2011, including 1.21 million Wuling brand models (mostly micovans). Sales of the Rongguang/N300, which was originally released on June 13, 2008, reached 1 million in early March this year.
The company shipped a limited 14,000 units to foreign markets in 2011. This year, it targets over 20,000 in overseas sales.