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Zhongxing Auto to Export 5,000 Pick-ups to Libya
[October 22, 2008]

Zhongxing Auto to Export 5,000 Pick-ups to Libya


BAODING, Oct 22, 2008 (SinoCast via COMTEX) --
Hebei Zhongxing Automobile Co., Ltd., an expert of pick-up trucks and SUVs in North China, clinched an agreement with Libya on October 20, 2008 on exporting 5,000 pick-ups.

The Hebei-based carmaker exported 4,000 cars to the North African country in 2003 and those products used by government organs and social organizations won excellent public praise in the country for the company, laying a strong foundation for the big order this time.

The order of 5,000 pick-ups accounts for 40%-50% of the market demand for 10,000-12,000 such cars in Libya this year.

The company, which has three pick-up series including CNY 60,000 economy pick-ups, CNY 70,000 medium-end pick-ups and CNY 80,000 high-end pick-ups, expects to sell 35,000 to 40,000 cars this year, with a yearly increase of 15% to 20%. The completion of the second phase of its Changchun-based factory, which will produce C-platform sedans in 2009, will boost the company's production capacity to 200,000 cars.


From www.sina.com.cn, Page 1, Tuesday, October 21, 2008
info@SinoCast.Com

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