| Hyundai Commercial Automobile Company and Daewoo Bus Company extremely have an optimistic view on the prospect of Chinese bus market, both of them increased investment on China bus market.
According to the materials of investigate and research made by Hyundai and Daewoo, Chinese bus market will develop by the average increase rate of 70%, is much higher than car market.
The annual production of Guilin Daewoo Bus Company already reached 2500, meanwhile, 700-800 Daewoo buses, which made in Korea, exported to China every year. Daewoo will expand the production capacity both in China and Korea, and the annual export will increase at the speed of 8% and 9%.
Hyundai cooperative with Hefei Bus Manufacture Co., Ltd on technological, both sides will strength cooperation on the field of environmental protection type of natural gas engine, in the future, Hyundai believes that the technological on environmental protection type is a good opportunity for them to expand the market occupation in China. At present, Hyundai is looking for the cooperative partner in China, intended to export Hyundai bus to China by the help of its cooperative partner. |
