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Wolf Theiss Advises Chinese Automobile Producer on Expansion into Austria

Wolf Theiss Advises Chinese Automobile Producer on Expansion into Austria

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Wolf Theiss has advised the largest Chinese producer of SUVs, the Great Wall Motor Company, on its creation of an Austrian subsidiary.

Great Wall Motor Company Ltd., which has more than 30 holding companies and 80,000 employees, is headquartered in Baoding (in the Hebei province of China) and owns three automobile brands: Haval, Great Wall, and Wey.

According to Wolf Theiss, Great Wall Motor Company (GWM) is building a research and development center in Kottingbrunn, near Vienna. According to Markus Schermann, Managing Director of GWM Austria, the new center in will focus on developing electric motors, power electronics, and software in pursuit of the company's strategic goal of becoming the leader in hybrid and battery-powered automobiles.

Wolf Theiss Counsel Doris Buxbaum and Associate Jiayan Zhu, both from the firm's Corporate practice, assisted GWM in the June 2017 creation of its subsidiary, which was founded directly by the parent company and not via a European affiliate.