Chinese Commercial Vehicle Enterprises Expand Overseas Market in 2011
2012-03-05 Source：www.chinabuses.org：
Summarize：In 2011, Chinese Commercial Vehicle Enterprises were busy establishing overseas bases for market expansion.
www.chinabuses.org：In 2011, Chinese Commercial Vehicle Enterprises were busy establishing overseas bases for market expansion.
After signing the term sheet in Bombay in May, Foton declared, in October, that Board of Directors agreed to set subsidiary for automobile manufacturing in India. The company planned to invest USD 387 million and the plant was expect to complete in July 2013, with first-stage capacity of 96 thousand units per year and second-stage capacity of 120 thousand units per year.
In November 2011, BYD signed an agreement with Ministry of Industry of Argentina to produce electric city buses and lithium batteries in Argentina; in December 2011, Zonda Group signed the strategic cooperation agreement with Zonda USA on new-energy bus production and American bus market expansion.
In 2011, Dongfeng planned to establish the first marketing company in South Africa to expand local market with its own marketing team.
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