As a result of the financial crisis, sales in the domestic heavy truck market generally declined in the first quarter of this year. However, Shaanxi Automobile's exports have risen against the trend. According to customs statistics, Shaanxi Automobile Group exported 3,340 vehicles in the first quarter of this year, generating 130 million U.S. dollars worth of foreign exchange, which was a year-on-year increase of 220 percent, ranking first in the nation's heavy truck exports in the first quarter.
Shaanxi Automobile Group actively implements its product internationalization strategy and continuously improves product quality. In the development of overseas markets, Shaanxi Heavy Industries & Gas Import & Export Co., Ltd., which is responsible for the export of products, is forging ahead and taking the initiative. They have sent more business people to Algeria and established a maintenance center in Algiers to make the market more accurate. . At present, Shaanxi Automobile accounts for 80% of the heavy truck market in Algeria.
In November last year, dealers and Shaanxi Automobile signed 3,200 vehicles once. As a result of strong marketing network and services as guarantee, they quickly opened up the market. In mid-April this year, Shaanxi Automobile Group and Algeria signed another 5,500 car purchase contracts in Beijing. And to be delivered within 5 months. Shaanxi Heavy Duty Import and Export Corporation has further expanded its export space. At present, bulk heavy trucks have entered the Angola market.