Aston Martin targets trade and investments in China worth £620 million

Aston Martin targets trade and investments in China worth £620 Million

Aston Martin is planning a five-year trade and investment drive in China worth over £600 million as part of its expansion in the world’s largest automotive market.

The five-year plan, which follows the company’s earlier announcement of a new dealership in Wuhan, was announced by Aston Martin President and Chief Executive Officer, Dr Andy Palmer during a visit to China by a UK business delegation accompanying British Prime Minister Theresa May.

The export and investment drive follows a regional year on year growth rate of 89% propelled by the successful introduction of the DB11.

Future demand in China is expected to be enhanced this year by deliveries of the new Vantage and in 2019, with the introduction of the company’s first SUV.

The group has also announced a dealer investment and expansion programme in the Chinese market totalling over £20 million, to include a new concept city centre showroom in Beijing. By the end of 2018, Aston Martin will have strengthened its dealer network with 10 new and refurbished locations, to include showrooms in Wuhan, Tianjin, Nanjing and Ji’nan, taking the total retail footprint across China to more than 20 locations.

Aston Martin China, located in Shanghai, is further strengthening its presence in the region by opening a second office in Beijing in the coming months.

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