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Yutong Is to Do Credit to Chinese Automobile Industry

Compared with European developed countries, U.S.A., and Japan, Chinese automotive export stays at the preliminary stage. For changing such a status, Yutong has, in nearly 20 countries and areas, set up distribution networks. 4 branch offices are erected in the five distribution areas mentioned above; 6 million Yuan RMB is invested to build spare part warehouses; 10 million Yuan RMB to build service centers, for after-sales service and market investigation. Products are developed according to local market demands. 6 fitting warehouses are being constructed in markets with powerful influence, which are Cuba, Caribbean, South America, Russia, Egypt, and Dubai. "From exporting products to exporting brands, Yutong is to establish a stable export system." said a leader of Yutong Overseas Market Department.

Yutong sold, in 2005, more than 20,000 large or medium passenger buses. With the ambition of being larger and stronger in China bus industry and being a world brand, Yutong Group makes its strategy of export for the period of "eleventh-five-year-plan". Income of bus, in the year of 2008, is to account for 30% the whole income; income of export will reach 3.6 billion Yuan RMB, being a first-class industry group majoring in business of passenger bus; in 2012, sales income of Yutong will be 30 billion Yuan RMB, being a Top 5 enterprise of bus in the world.

It is learned that, during the period of "eleventh-five-year-plan", China will lay stress on the export of automotive parts and components of intensive-labor and multi-material type. China will specially encourage the export of buses, trucks, and medium-and low-class cars, which have competitiveness, support the export of enterprises with their own brands, support the research and development relating to independent intellectual property. Over 10-15 years, Chinese automotive export will be more than 10% of global automotive trade.

 


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