| 11-12-2007
Xiamen
King Long United Automotive Industry Co., Ltd, a major bus maker in China, aims
to generate one-third of its bus sales from overseas within three to five years,
up from the current 15 percent, a senior executive said recently. It plans to
press further into Southeast Asia, the Middle East, Africa, South America and
particularly Europe. King Long is currently the sole Chinese player in the European
market, thanks to the VCA certification the key to entering Europe granted by
the British authorities. King
Long, with two holding companies in Suzhou and Nanjing in East China's Jiangsu
Province, has been pushing aggressively beyond its home market. Richard Zhang,
general manager of King Long's overseas business said "Our target for the
overseas market is 1.7 billion yuan a year in the next three to five years from
the current 1 billion yuan. We plan to raise the export ratio to 30 percent and
strive to achieve 20 percent this year. Xiamen
Kinglong United Automotive Industry Co., Ltd, which is known as King Long, was
founded in December 1988. The company is one of the largest manufacturers of buses
and coaches in the world. Editor Frederick
Wei from Chinabuses.com
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