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Zonda Attending Sino-EU Jiangsu Economic Cooperation Forum

13-06-2007

Recently, led by Mr. Liang Bao Hua, Governor of Jiangsu Province, Jiangsu Enterprises Delegation held "Sino-EU Jiangsu Economic Cooperation Forum" in Queen Elizabeth II Conference Centre, presented by around 600 guests from each member country of EU. Mr. Xu Lian Kuan, President of Zonda Group, Attended the Successful Jiangsu Business Week 2007 in EU. In order to enhance the economic communication and deepen the cooperation among enterprises from EU countries and Jiangsu Province, many business leaders from large-scaled enterprisers participated in this visit, including Nanjing Automobile Corporation, Bank of Jiangsu, Jiangsu Hi-tech Investment Group, Zonda Industrial Group.. This Forum aims to push forward the business relationship between EU and Jiangsu Province, to explore new cooperation domains, and to accelerate the introduction of advanced technology, management experience and high-quality human assets. In the meanwhile, it also strives to encourage Jiangsu enterprises to go out and develop their business in EU, which will achieve bilateral success through cooperation.


Mr. Xu Lian Kuan(left one), President of Zonda Group and the delegation members

EU Becomes Jiangsu's Biggest Trade Partner and Further Pushes of the Business Relationship

The European Union and China have a thriving relationship that has expanded enormously in recent years. In 2004, European Union had overtaken America and Japan as China's biggest trade partner while China became the EU's second biggest trade partner. Following the rapid growth of bilateral trade, European companies are major investors in China. From the year of 2005 on, EU also became the biggest trade partner of Jiangsu Province.

The Automobile Industry from Jiangsu Province Became the Hot Spot in the " 2007 EU Jiangsu Business Week

As one of the most important events during the "2007 Jiangsu- EU Economic Week", MGs, owned by Najing Automobile Corporation (NAC), launch the production line to signal the revival of Longbridge. Guests from UK, China and EU all witnessed this historical moment and complimented that, NAC deserves praise for their commitment to make the production of MGs happen in UK once again."

Many local automobile enterprises in Jiangsu have successively made some big movements to build up a top-level automobile manufacturing base, integrating sedans, commercial vehicles and heavy-duty trucks. Zonda bus rose as a new star in China automotive industry through yeas' development. It has launched the innovative ideas of "pricing transparency", "10-year warranty for bus beams", "Quality 220 Initiative" and many other campaigns to improve its products and after-sale services, Its products have been exported to more than 30 countries, including Jordan, Egypt, USA and Syria. In addition, Zonda have signed strategic partnership agreements with its partners in Russia, Vietnam and Turkey, pacing up the strategy of "go abroad" and accelerating its globalization process.

In current stage, China automotive industry needs to improve its strategy of "go abroad" and maximize its international market share, in order to grow stronger. Mr. Xu Lian Kuan, President of Zonda Group, pointed out that, independant R & D and cooperation through joint venture are two major ways to develop China's automobile industry. At present, we will focus on learning and innovation by acquiring world-class brands, in order to explore another way to create a completely internationalized brand, and to create a new chapter of partnership, mutual benefits and win-win in Jiangsu's automobile industry.



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