BEIJING Oct 27 Great Wall Motor Co Ltd
(2333.HK), China's largest sport utility vehicle maker, said on
Wednesday that it will invest 5 billion yuan ($750.5 million) in
research and development over the next five years.
Of the total investment, 3 billion yuan would be dedicated to
new product development, Great Wall said in a statement.
Earlier this week, Great Wall broke ground for a new 5
billion yuan technical center, part of efforts to break away from
its image as a maker of affordable, lower-end vehicles.
(Reporting by Fang Yan and Ken Wills; Editing by Chris Lewis)