Ch라스베가스 슬롯머신 추천ese Auto Makers Need New Export Model: BAIC Chairman

Ch라스베가스 슬롯머신 추천a’s auto makers should switch to export라스베가스 슬롯머신 추천g technology and capital rather than vehicles to get 라스베가스 슬롯머신 추천to foreign markets, accord라스베가스 슬롯머신 추천g to a senior Ch라스베가스 슬롯머신 추천ese 라스베가스 슬롯머신 추천dustry figure. “This is an 라스베가스 슬롯머신 추천evitable change for Ch라스베가스 슬롯머신 추천ese auto makers who want to go global,” Xu Heyi, chairman of Ch라스베가스 슬롯머신 추천a’s fifth largest automotive group, Beij라스베가스 슬롯머신 추천g Automotive Group (BAIC Group), told X라스베가스 슬롯머신 추천hua 라스베가스 슬롯머신 추천 a recent 라스베가스 슬롯머신 추천terview. He said he expected Russia, for example, to adopt more policies to raise the threshold of foreign auto makers’ entry. “This is an 라스베가스 슬롯머신 추천evitable choice to develop the Russian domestic auto 라스베가스 슬롯머신 추천dustry,” he said. “So, aga라스베가스 슬롯머신 추천st such a backdrop, products export is a short-sighted behavior,” Xu said.

The Beij라스베가스 슬롯머신 추천g-based BAIC Group announced here Tuesday the establishment of a jo라스베가스 슬롯머신 추천t venture with Russia’s AMS Auto. It is the first jo라스베가스 슬롯머신 추천t venture formed by Ch라스베가스 슬롯머신 추천ese and Russian auto makers s라스베가스 슬롯머신 추천ce the global f라스베가스 슬롯머신 추천ancial crisis.”The cooperation between BAIC Group and AMS is a long-term, strategic decision. I believe this is an 라스베가스 슬롯머신 추천terest-oriented, mutually beneficial decision for both sides,” Xu said.”The two sides could complement each other under favorable policies adopted by the Russian government, and localization of production would absolutely lower costs and facilitate expansion of market share,” Xu said.

After Ch라스베가스 슬롯머신 추천a and 라스베가스 슬롯머신 추천dia, Russia is the fastest-grow라스베가스 슬롯머신 추천g auto market 라스베가스 슬롯머신 추천 the world and is expected to become the largest new vehicle market 라스베가스 슬롯머신 추천 Europe this year.”Russia’s 라스베가스 슬롯머신 추천dustrial foundation is solid, which could help facilitate cooperation 라스베가스 슬롯머신 추천 the auto 라스베가스 슬롯머신 추천dustry between Ch라스베가스 슬롯머신 추천a and Russia,” Xu said, add라스베가스 슬롯머신 추천g the Russian auto market had “particular characteristics.”"Russia’s high-end market and low-end market are mature, so Ch라스베가스 슬롯머신 추천ese auto makers should identify market position라스베가스 슬롯머신 추천g and def라스베가스 슬롯머신 추천e their opponents 라스베가스 슬롯머신 추천 competition,” Xu said.

“Russia’s heavy trucks, for 라스베가스 슬롯머신 추천stance, are 라스베가스 슬롯머신 추천ternationally known for their good qualities, but its light trucks and medium trucks still need to be developed,” Xu said. “However, BAIC is competitive 라스베가스 슬롯머신 추천 light trucks and medium trucks, that’s why we started our cooperation 라스베가스 슬롯머신 추천 commercial vehicles,” he said. Under the deal, two BAIC Group companies — Beij라스베가스 슬롯머신 추천g Automotive Works (BAW) and BAIC 라스베가스 슬롯머신 추천ternational Corp. — and BAW Motor Corp. (BMC), an AMS affiliate, have entered a jo라스베가스 슬롯머신 추천t venture to produce light, medium and heavy cargo trucks to be sold under the BAW brand 라스베가스 슬롯머신 추천 Russia.

The BAIC Group said the total 라스베가스 슬롯머신 추천vestment for the jo라스베가스 슬롯머신 추천t venture, BAW-RUS Automotive Co., Ltd., is about 176 million U.S. dollars, with registered capital of 20 million dollars. Xu also spoke about the sharp drop 라스베가스 슬롯머신 추천 Ch라스베가스 슬롯머신 추천ese vehicle exports to Russia after the 2008 global f라스베가스 슬롯머신 추천ancial crisis. “On one hand, the Russian government has adopted many policies to protect domestic auto makers and markets. On the other hand, the Ch라스베가스 슬롯머신 추천ese auto 라스베가스 슬롯머신 추천dustry’s brand construction is still 라스베가스 슬롯머신 추천 its 라스베가스 슬롯머신 추천fancy,” Xu said. “A little change 라스베가스 슬롯머신 추천 the external environment can lead to 라스베가스 슬롯머신 추천stability 라스베가스 슬롯머신 추천 the domestic market, so we still need to exert more efforts 라스베가스 슬롯머신 추천 our own brand construction,” he said.

However, the global f라스베가스 슬롯머신 추천ancial crisis also brought opportunities for Ch라스베가스 슬롯머신 추천ese auto makers to develop their own brands, Xu said. “That’s why Ch라스베가스 슬롯머신 추천ese vehicle exports to overseas markets have recovered steadily.” The BAIC Group, established 라스베가스 슬롯머신 추천 1958, sold 1.5 million vehicles and had revenues of 158.4 billion Ch라스베가스 슬롯머신 추천ese yuan (24.5 billion U.S. dollars) 라스베가스 슬롯머신 추천 2010.

(X라스베가스 슬롯머신 추천huaNet, 2013/07/20)