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CEO of Great Wall's premium Wey brand resigns
Automotive News China | 2018/11/6

Jens Steingraeber has resigned as CEO of Great Wall Motor Co.¡¯s premium Wey brand. 

Steingraeber left the company last month to care for an ill family member, Great Wall said.

The company did not name a successor. 

Steingraeber joined Great Wall as CEO of Wey in 2016. Before that, he worked for Audi in Germany for more than 30 years and was product manager of the Audi Q3.

Great Wall, China¡¯s largest light-truck maker, unveiled Wey in 2016. The brand was named after the company¡¯s founder and chairman, Wei Jianjun. 

To date, Wey has launched sales of three gasoline compact crossover models and a plug-in hybrid SUV. 

For the first three quarters of this year, Wey delivered 105,497 vehicles, 2.7 times the number in the same period last year. 

Despite Wey¡¯s volume, Great Wall¡¯s sales dropped 4.1 percent year on year to 676,668 in the period because of weak demand for crossovers and SUVs sold under the company¡¯s mass-market Haval brand.

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