Current location:opinions >>
Local brands expand overseas production
opinions11322People have gathered around
IntroductionVisitors inspect a BAIC vehicle at the 2023 Festival of Motoring Johannesburg in South Africa on Aug ...
Visitors inspect a BAIC vehicle at the 2023 Festival of Motoring Johannesburg in South Africa on Aug 27.
Countries involved in Belt and Road Initiative provide strong base for global expansion
China's Changan signed a deal last week with the Thai authorities to build a vehicle-producing plant in the Southeast Asian country, as the State-owned carmaker revs up efforts to explore overseas markets, especially those involved in the Belt and Road Initiative.
The Chongqing-based carmaker said it will invest 8.8 billion baht (around $240 million) in the production facility, initially designed to produce 100,000 new energy vehicles a year.
The NEVs to be produced in its Thai plant will be sold in the country and exported to other markets such as Australia, New Zealand and South Africa.
Changan is joining the ranks of other major Chinese carmakers including SAIC, Great Wall Motor as well as BYD, which have unveiled plant plans or are already producing vehicles in Southeast Asia.
Their local production can complement the local automotive industry and will allow those Chinese carmakers to become more competitive in the market, said Yahaya Ahmad, technical leader of the ASEAN New Car Assessment Program.
Ahmad said the popularity of Chinese branded vehicles is growing thanks to their improved quality.
"I would expect Chinese carmakers to be competitive … they can compete in terms of the safety, in terms of the cost, in terms of the quality," he said.
As Chinese carmakers speed up to explore overseas markets, countries involved in the Belt and Road Initiative have emerged as major destinations.
Changan said it has built over 400 dealerships in those countries including Saudi Arabia and Chile.
Last year, over 90 percent of its exports were in Belt and Road countries, with their combined sales revenue reaching 12 billion yuan ($1.64 billion).
JAC Group, headquartered in Anhui province, is present in 124 BRI countries, with its cumulative exports reaching over 800,000 units.
It has 19 knock-down plants overseas, with 16 of them in countries involved in the Belt and Road Initiative.
It is also the first Chinese company to work with local car producers in Kazakhstan. JAC established a partnership with Allur Group in 2013.
Since then, the group's vehicle output has increased annually, with vehicles produced exceeding 70,000 units in 2022.
JAC said it will continue to strengthen the partnership and launch more new products to offer a greener mobility experience to Kazakh people while promoting bilateral economic growth.
BAIC Group is targeting the BRI countries as well. Its subsidiary BAIC Foton is selling vehicles in around 130 countries and regions, with most of them are BRI countries.
In Chile, there are around 1,400 Foton electric buses placing it as the best-selling brand in the segment. Santiago, the capital of Chile, is the city with the largest number of electric buses in South America.
BAIC has invested $226 million in its plant in Johannesburg, South Africa, which is expected to produce vehicles for the continent of Africa and also overseas destinations including Europe and the Middle East.
In the Philippines, Foton's plant offers over 700 jobs for local people, and the brand has a service and sales team of over 5,000 people, with most of them being locals.
Foton said it is speeding up construction of its plant in Argentina, which could produce over 5,000 vehicles a year when completed.
The brand already has over 20 knock-down plants outside China, offering jobs for 10,000 people.
China's leading bus maker Yutong said 80 percent of its overseas markets are BRI countries, with cumulative deliveries reaching 72,000 units.
Earlier this year, Yutong delivered 800 buses to Uzbekistan, which are used to improve local transport.
The order, comprising 300 electric and 500 compressed natural gas vehicles, marked the largest of its kind from Chinese bus makers.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“World Wanderer news portal”。http://montserrat.fictionsmistress.com/news-011a099911.html
Related articles
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
opinionsElon Musk’s Neuralink has been given a green light to implant its brain chip in a second patient aft ...
【opinions】
Read moreJeffrey Dean Morgan cuddles up to Hilarie Burton as loved
opinionsJeffrey Dean Morgan cuddled up to Hilarie Burton as the loved-up couple led the stars at the AMC Net ...
【opinions】
Read moreAi Weiwei launches new exhibit, says still trying to understand studio demolitions
opinionsBy Anna Cuenca Dissident artist Ai Weiwei on Monday said the Chinese state’s razing of his stu ...
【opinions】
Read more
Popular articles
- Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
- Government needs to 'step up' and support rainbow community amid protest
- Premier League clubs vote unanimously for major new change to the offside rule
- Scary Movie is back! Franchise will be rebooted 11 years after Scary Movie 5 was released
- Sweden beats France, Britain relegated after losing to Norway at hockey worlds
- Grand National Festival horse Giovinco dies after falling mid
Latest articles
What's next for Iran after death of its president in crash?
Ellie Leach breaks down in tears over her cheating ex
Ange Postecoglou admits he has not watched back Tottenham's humiliating 6
Rotorua MP seeks extra policing resources for the city
What a blast to work at NASA. Space agency is sky
Conor McGregor hails Dana White after the UFC president announced post
LINKS
- Passionate Dream Chaser — Teacher Strives to Improve China's Rural Education
- Junior of Revolutionaries Inherits, Promotes Family's 'Red Gene'
- Young Craftswoman Breathes New Life into Wood Carvings
- Ding Lanying: Helping Yi Women Embroider Bright Future
- Basketball Star Recalls High
- Preview: Champions League a big factor in La Liga matchday
- Niu Shuli Explores Nature with Love and Passion
- Tujia Woman Promotes Ethnic Culture Through Literature, Songs
- Hoping for a World Without Illness
- Basketball Star Recalls High