China-based Automaker King Long Selling 23k Minivans Into Egyptian Market
King Long names its Egypt-based distributor King Long Egypt as Excellent Sole Agent of Year 2016
XIAMEN, China, Nov. 24, 2016 /PRNewswire/ — Executives from King Long Egypt (KLE), the sole agent for Xiamen King Long United Automotive Industry Co., Ltd. (King Long) in Egypt, along with other Egyptian sub-dealers, took part in the 2016 King Long Egyptian Market Business Conference held in Xiamen on November 14, 2016. Sales Contract for 576 complete knocked-down (CKD) versions of the Kingwin minivan were signed during the conference. KLE was honored with the title of “Excellent Sole Agent of Year 2016” by King Long.
Since the cooperation started from 2009, sales records have been set every year. By June of 2010, KLE reached sales of 1,000 vehicles. KLE broke the 10,000 vehicles mark in 2013, and, by October 2016, sold 23,000 vehicles.
In 2012, KLE partnered with King Long to launch a CKD project for King Long minivans in Egypt. A manufacturing facility with annual production capacity of 5,000 minivans was set up, including an automotive coating workshop valued at EGP100 million. King Long has become the number one minivan brand in Egypt.
King Long general manager Mr. Zhang Bin said: “Egypt is one of the most important markets in King Long’s global expansion and KLE is our closest strategic partner. I believe that with the implementation of the Chinese government’s program to revitalize trade connecting Europe and Asia, more King Long buses and vans will make their appearance on roads all across the world.”
About King Long
Established in December 1988, Xiamen Automotive Industry Corporation’s subsidiary Xiamen King Long United Automotive Industry Co., Ltd., is engaged in the R&D, production, sales and after-sale service of large, medium-sized and light-duty buses and passenger vans. King Long has three manufacturing facilities, the Xiamen Bus and Coach Manufacturing Base, the Xiamen Mini Van Manufacturing Base and the Shaoxing City Bus Manufacturing Base, which collectively feature a gross floor area of 800,000 square meters and annual production capacity of 20,000 large and medium-sized buses and 30,000 minivans. King Long has exported over 60,000 vehicles to nearly 130 countries and regions worldwide. As one of the Top 10 automakers in China, King Long has been recognized in the list of “China’s 500 most valuable brands” by World Brand Lab for 13 years running.