Great Wall Automobile , China 's largest SUV manufacturer , announced earlier this month that it will invest a total of up to 16.8 billion yuan ( $ 2.7 billion ) in a private share placement to pay for investments into new - generation vehicles , intelligent vehicles and auto parts . The auto maker 's first plug - in hybrid models are expected to hit the market in 2017 .
Great Wall Motors, China's largest SUV manufacturer, announced earlier this month that it will raise a fund of up to 16.8 billion yuan ($2.7 billion) in a private share placement to pay for R&D into new-energy vehicles, intelligent vehicles and auto parts. The auto maker's first plug-in hybrid models are expected to hit the market in 2017.