Shanghai (ZXZC)- WEY (a brand of Great Wall Motor) announced that it plans to increase the total number of its 4S shops to 300 by the end of 2018. Besides, WEY will provide more vehicle-buying preferential policies to meet market demands.

According to the sales policy WEY released, there are three vehicle-buying plans designed for consumers. The first one is that vehicle buyers are allowed to pay off the whole price within 12 months, paying 50% of auto price in the first month and paying the balanced in the last month, Besides, they can enjoy the zero-interest rate preference for 12 months. The second is called long-term zero-interest rate policy. To be specific, VV7 buyers can enjoy the zero-interest rate preference at a maximum length of 24 months and take a loan at a maximum of RMB 80,000. VV5-buyer can enjoy zero-interest rate policy at a maximum length of 18 months. Meanwhile, the buyers of two models will enjoy low interest rates for up to 36 months. The last one is that vehicle buyers need make 20% down payment and pay the balanced within 12 months to 60 months according to the standard interest rates. This plan is only applicable to VV5 buyers and VV7 buyers.

In November 2017, WEY opened 20 4S shops in different areas around China. In addition, it had delivered vehicles almost concurrently to around 400 consumers. Thus, it is possible for WEY to increase the total number of its 4S shops to 300 this year.