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China's Auto Exports Are Too Hot, FAW Will Also Grab Ships To Ensure Hongqi's Supply Chain

Dec 02, 2022

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According to reports, China's auto exports have surpassed Germany this year, ranking second in the world, second only to Japan, and the gap is very small. It is not surprising that it will be the first in the future.

Along with the boom in China's auto exports, auto companies have also continued to strengthen supply chain management. In addition to investing in production and manufacturing, auto transportation is also a focus. They not only strengthen cooperation with shipping groups, but companies like BYD even buy their own ships for direct transportation.

Now FAW Group is also involved in the ranks of "grabbing the ship". On the evening of November 5, COSCO Shipping and China FAW issued an announcement. The two parties signed a strategic cooperation framework agreement in Shanghai, and will "create global supply chain solutions for the automotive industry" cooperating.

Specifically, the two parties will jointly create a leading global supply chain solution for the automotive industry and a digital supply chain ecosystem through joint ventures and cooperation, expanding emerging markets, innovating business models, and realizing resource sharing. development.

It is understood that COSCO SHIPPING Special Transportation Co., Ltd., a subsidiary of COSCO SHIPPING, is the first shipping company in China to enter the field of professional automobile transportation. It established a professional automobile fleet in 2003 and has always maintained China's first position in foreign trade automobile transportation.

As for FAW, they previously announced the "New Energy Strategic Plan". FAW's flagship brand Hongqi will launch 13 new energy models in 2025, covering four product types of Hongqi. The output and sales volume will reach more than 500,000 vehicles. Exports are in great demand.


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