Chinese Automaker JAC Motors Exhibited at Expo 2017 Held in Kazakhstan

19-Jun-2017 Intellasia | BusinessWire | 1:09 PM Print This Post

Gaining Foothold along “the Belt and Road”

ASTANA, Kazakhstan–(BUSINESS WIRE)–#AllurGroup–At the ongoing Expo 2017 in Astana, the leading Chinese automaker JAC
Motors
and its Kazakhstani distributor showcased three models: the S3,
the iEV6S
and the iEV5.
Echoing the theme of China Pavilion, “Future Energy, Green Silk Road”, JAC
also took the opportunity to exhibit their latest green energy vehicle
technologies and concepts.

Making a mark in Kazakhstan

As an important nation along the corridor, Kazakhstan connects China
with Central Europe via “the Belt and Road” economic zone. The country
covers a large region of Central Asia and Eastern Europe and is one of JAC’s
most valuable markets. In March 2015, with the blessing of China’s
Premier Li Keqiang and Kazakhstan’s Premier Karim Masimov, JAC
and its distributor Allur Group, officially signed the KD assembly
licensing agreement. As per the agreement, Allur Group, a Kazakhstan
automotive company, will be responsible for the assembly of all JAC
cars
. By signing this agreement, JAC
is expected to meet the demands in Russia and neighboring countries and
regions and ultimately reach an annual production of 50,000 units.

Following the successful signing of the agreement, on November 3rd,
2016, the premiers of both China and Kazakhstan witnessed the start of
another exciting production cooperation project between the two
countries via remote video connection at the JAC
plant in Kazakhstan. This established JAC
as a shining example of a successful independent Chinese automobile
company along “the Belt and Road” economic zone.

Successes of “the Belt and Road” Initiative

Utilizing the development opportunities of the “Belt and Road”
initiative, JAC
has exported products to more than half of the 60 participating
countries. In 2016, more than 35,000 units were delivered along “the
Belt and Road”, making up 62% of JAC’s
exports. During the first five months in 2017, JAC
exported 21,000 units to the area, making up 66% of all JAC
exports.

Thanks in part to their strong investment in R&D, JAC
has won the favor of Kazakhstani customers with sales increase of over
500% in 2016, winning No.1 market share among all Chinese brands in the
country. In addition, On June 1st, JAC
and Volkswagen signed a joint venture agreement in Berlin, Germany to
fund JAC
Volkswagen Automotive Co., Ltd. The collaboration seeks to further
develop the new energy automobile market, once again highlighting JAC’s
ambition to further develop their green energy technology.

To date, JAC
has formed two joint ventures including Vietnam and established 9 KD
assembly plants along the Silk Road Economic Belt, including in Iran and
Kazakhstan, for the assembly of JAC
light-duty trucks
and passenger vehicles. As an active participant
in “the Belt and Road” initiative, JAC
will continue to provide transportation solutions for customers
throughout the Silk Road Economic Belt, helping to establish a
reputation of quality Chinese production.

Contacts

JAC Motors
Crystal Feng, +86-551-62296885
jacmotors@jac.com.cn
http://jacen.jac.com.cn/showroom/s5.html

 


Category: BusinessWire, PRAsia

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