Liangjiang-based vehicle company sees exports increase in 2020

SAIC Iveco Hongyan's 150 motor tractors are ready to be shipped to North Africa. [Photo/liangjiang.gov.cn]

SAIC Iveco Hongyan in Liangjiang New Area, Southwest China's Chongqing municipality, recently exported 150 motor tractors to North Africa – the fourth time the company has shipped vehicles overseas in 2020.

When delivered, the motor tractors will be used for cross-border transportation in Ethiopia, Uganda, the Democratic Republic of the Congo and Egypt.

In 2020, the company exported 1,500 heavy trucks, a year-on-year increase of 49 percent, 1,200 of which were exported to Southeast Asia.

Amid the novel coronavirus pandemic, SAIC Iveco Hongyan expanded its business with surrounding countries and exported 300 vehicles to new business partners before the end of 2020.

The company plans to export 3,000 vehicles in the first half of this year, including 2,000 vehicles to Southeast Asia.

The China-ASEAN cross-border logistics platform co-built by SAIC Iveco Hongyan and Pingxiang customs in Guangxi Zhuang autonomous region has recently been put into use. It will contribute to SAIC Iveco Hongyan's business in Southeast Asia.

The platform provides a range of services, including automobile sales, testing and maintenance, cross-border transportation, supply chain finance and other intelligent services to reduce export costs.

Liangjiang New Area, home to SAIC Iveco Hongyan, relies on its complete automobile industrial chain to expand its business on the international market. From January to October, Liangjiang imported and exported automobiles and auto parts worth a total value of 10.38 billion yuan ($1.61 billion).