On May 18, 2023, Asiastar Bus & Royihol strategic cooperation and Russian procurement project signing ceremony was held in Chengdu, Sichuan Province. Wu Yongsong, vice chairman of Yaxing Group, Li Bingyang, general manager of sales of Da Van, overseas Zhou Jinjin, the deputy general manager, and Yang Fan, the director of the Commonwealth of Independent States, came all the way to implement the cooperation project.
Yangzhou Asiastar Bus Co., Ltd. is located in the beautiful ancient city of Yangzhou. It is a 'Key High-tech Enterprise of the National Torch Program' that stands out in the fierce competition of the market economy. The company has domestic leading advantages in the development and production of intercity buses, city buses, tourist group buses, bus chassis, seats and key components, and special vehicles. At present, it has more than 20 series and more than 100 varieties of two brands of 'Asiastar' and 'Yangzi', covering large, medium, light, high, medium and general grade buses. Chengdu Royihol International Trade Co., Ltd. is an enterprise focusing on automobile export business, responsible for domestic procurement and overseas sales of automobiles and parts; the parent company Chengdu Royihol Supply Chain Management Co., Ltd. specializes in import and export trade, international logistics and other related Business, focusing on the relevant markets of countries along the 'Belt and Road', and can provide a full set of logistics services in Russia/Belarus.
According to Russian media reports, the Russian auto industry classification agency predicts that in 2023, the sales share of Chinese cars in Russia may exceed 50%. In the past 12 months, the sales of Chinese cars have almost doubled and now account for 46% of the share. As early as the data released in May this year, it can be seen that in the first quarter of 2023, China's auto exports (1.07 million) surpassed Japan (950,000) and became the world's number one. Among them, the top three countries in terms of export value are Russia, the United States and Mexico. Russia replaced Mexico as my country's largest automobile export market, and Chinese automobiles accounted for 42.5% of the Russian market. Therefore, the Russian market has considerable potential for China's auto exports. The Chinese auto export market needs to be continuously explored and other potential markets actively explored to achieve a more comprehensive and stable market development.
Royihol, as an export platform, will help China's automobiles 'accelerate' to go overseas. With the continuous improvement of China's automobile industry chain and supply chain system, it will definitely bring new development opportunities for Asiastar Bus! The cooperation between the two parties will definitely continue to move forward in the direction of common development and prosperity.