The 2024 Forum on China-Africa Cooperation Opens Up New Opportunities for China Bus Companies

2024-09-03 Source：www.chinabuses.org

Summarize：The 2024 Forum on China-Africa Cooperation (FOCAC) Summit will be held in Beijing from September 4th to 6th, attracting the participation of presidents from various countries including South Sudan, Eritrea, Nigeria, Comoros, and Zambia South Sudan s President Salva Kiir Mayardit, Eritrea s President Isaias Afwerki, Nigeria s President Bola Tinubu, Comoros President Azali Assoumani, and Zambia s President Hakainde Hichilema will all grace the occasion in Beijing, jointly contributing to this grand event

The 2024 Forum on China-Africa Cooperation (FOCAC) Summit will be held in Beijing from September 4th to 6th, attracting the participation of presidents from various countries including South Sudan, Eritrea, Nigeria, Comoros, and Zambia. South Sudan's President Salva Kiir Mayardit, Eritrea's President Isaias Afwerki, Nigeria's President Bola Tinubu, Comoros' President Azali Assoumani, and Zambia's President Hakainde Hichilema will all grace the occasion in Beijing, jointly contributing to this grand event.

One of the main topics of this summit is high-quality joint construction of the "Belt and Road Initiative" (BRI). China and African countries have achieved remarkable results in jointly building the BRI, with African countries being important supporters, participants, and beneficiaries. Over the past 11 years, China-Africa cooperation under the BRI has transformed from a concept into action and from a vision into reality, injecting new impetus and vitality into the economic and social development of African countries and providing important support for accelerating the construction of a China-Africa community with a shared future.

China bus companies are thriving in Africa, not only providing high-quality bus products and services to African countries but also significantly promoting local economic development and job opportunities. With the economic rise of African countries and the accelerated advancement of infrastructure construction, the demand for buses is also showing a vigorous growth trend. Many African countries are committed to improving their public transportation systems and have increased their procurement of buses, opening up vast market opportunities for Chinese bus companies.

Golden Dragon Bus KD Projects in Africa

The convening of the FOCAC further promotes policy concessions and facilitation in trade, investment, and other fields between China and Africa, creating a favorable policy environment for Chinese bus companies to enter the African market. The governments of both sides actively promote relevant cooperation projects and encourage Chinese enterprises to invest in factories and conduct technical cooperation in Africa, laying a solid foundation for the long-term stable development of Chinese bus companies in Africa. For example, Golden Dragon Bus has established KD factories in several African countries, achieving localized production of its products. This not only meets the local market demand but also provides valuable technical and talent support for the diversified development of the local economy and the enhancement of the automotive industry level, while also driving local employment.

Long-distance transport station in a Africa country

By participating in the FOCAC and related events, China bus companies have obtained more opportunities to showcase their product and technological capabilities, effectively enhancing the popularity and influence of their brands in the African market. China buses have won numerous orders in various African countries, and their excellent products and professional services have received widespread recognition from local governments and customers. With buses present in 35 countries across the African continent, China bus brands have established a good image and enhanced their competitiveness in the African market.

200 Higer Buses Delivered to Ethiopia

The FOCAC also provides an important platform for technical exchanges between China bus companies and African countries. China bus companies can gain a deep understanding of the special demands and usage environments of the African market, enabling targeted product research and development and technological innovation to enhance product adaptability and competitiveness. At the same time, China's advanced new energy bus technologies have also been introduced into Africa, promoting the green transformation and sustainable development of the African transportation sector.

Ankai Buses for DRC

The development of China bus companies in the African market is not just about product exports; it also drives the coordinated development of related component industries and promotes the overall upgrading of the domestic bus industry. Through deep cooperation with local African enterprises, China bus companies can also learn from and draw upon some of the local advantages and experiences, achieving mutual benefit and win-win results.

Golden Dragon Bus fully leverages local endowments and resources to advance cooperative projects, and its layout in Africa is becoming more robust. It has established KD factories in several countries, including Ethiopia, Egypt, Zimbabwe, Tunisia, and Nigeria. These factories not only meet the demands of the local market but also bring technology, job opportunities, and industrial upgrading to the localities, while also deepening cooperation and exchanges between China and African countries in the automotive sector.

Golden Dragon Bus KD Plant in Egypt

Zhongtong Bus is also actively expanding its presence in the African market and has gradually gained a foothold in the Tanzanian market with its advanced technology and high-quality products. Its new energy bus products have been widely used in some African countries, contributing significantly to local environmental protection and sustainable development.

Zhongtong Bus in Tanzania

In Zambia and other African countries, Higer Bus has become a well-known brand of China buses, occupying a leading market share. For instance, Wu Ming, the Executive President of the Zambia Association of Chinese Enterprises and General Manager of Higer Bus (Zambia) Co., Ltd., represents Higer Bus in sales operations across seven countries in Southern Africa, with a market share exceeding 60%. Its main clients are large local passenger transport companies, government departments, schools, and several Chinese enterprises.

Higer Bus in Zimbabwe

In summary, the convening of the FOCAC presents unprecedented opportunities for the development of Chinese bus companies in African countries. This will help enterprises expand their markets, enhance their brands, strengthen technological innovation, and achieve sustainable development, while also making significant contributions to the development of the transportation sector in African countries.