 | |
| Type | Private |
|---|---|
| Industry | Automotive |
| Founded | 2008 |
| Headquarters | Sofia, Bulgaria |
Area served | Bulgaria, North Macedonia, Italy, Romania, Serbia. |
Key people | Iliya Terziev (Director) |
| Products | Automobiles |
| Website | greatwall |
Litex Motors is an automobile manufacturing company based in Sofia, Bulgaria, and the official partner of Great Wall Motors in Bulgaria. It assembles vehicles of the Chinese manufacturer at the jointly developed facility located in Bahovitsa, near Lovech, Bulgaria. [1]
It began manufacturing the Voleex C10 hatchback from knock-down kits in February 2012, in the first half of 2013, the Steed 5 was added to the line-up, [2] and in November 2013, the Hover H6. [3]
On the Bulgarian market, the company has sold the Voleex C10, Steed 5 and Hover H5 models, [4] and from 2013, the Voleex C30, Voleex C20R and the Hover H6. [5] [6] In late 2017, the Haval H2 model was also introduced. [7]
The company has over 12 representative offices throughout Bulgaria, [8] and in November 2012 it opened its first dealership outside the country, in present-day North Macedonia. [9]
After one year of manufacturing, the factory assembled over 1,000 units of the Voleex C10. [2] In December 2013, the company performed its first regular export to Europe, a first batch of cars being sent to Italy. [3] In August 2014, the company started exports to Romania, as a first step towards expanding its presence into Eastern Europe, [10] and in January 2015, it opened a showroom in Serbia. [11]
As of January 2015, the company had a production output of 5,000 vehicles per year (the Hover H6 and the Steed 5 models) and was planning to reach to 8,000 vehicles within a year. [12] By mid-2016, the company had a total of 14 dealerships in 12 Bulgarian cities, three of them in the capital Sofia. [13]
On February 27, 2017, the company has filed for bankruptcy at the Sofia Court of Justice. [14]
Litex is a Bulgarian professional association football club based in Lovech, which currently competes in the Second League. The club was founded in 1921 as Hisarya Sports Club.
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Grisha Ganchev is a Bulgarian businessman and oligarch who is the owner of a multitude of businesses in Bulgaria, such as Bulgarian oil distributing company Petrol AD which has 470 petrol stations, 80 petrol depots and 3 petrol port terminals throughout the country, Litex Commerce AD company that has a focus on petrol products as well, Litex Motors AD and many others. He is currently one of the major shareholders of Bulgarian football club CSKA Sofia.
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