King Long Overseas Sales Performance in 2013

Faced with unfavorable market environment of continued sluggish of world economy and intensifying competition in the overseas bus market, as well as the pressure of CNY appreciation, the export of auto industry in China declined generally in 2013, King Long overseas sales system still achieved good result.

Overseas sales saw a lot of highlights for the year. In Europe, King Long received the first bulk order in Italy since its entrance into the market, and successfully established partnership with the most influential local transportation company. It maintained stable growth in the Russian market as well, with an export of 186 large and medium-sized coaches. Remarkable breakthrough has also been made in the Kazakhstani market. InAmerica, King Long obtained a bulk order of 61 buses fromLa Paz, the Capital City of Bolivia, making it the only Chinese bus brand supplied in bulk in Bolivia so far. InPeru, the sales of large and medium-sized coaches grew 163% year-on-year. In Africa, a total of 340 large and medium-sized coaches were exported toAlgeriaduring the year, further increasing its market share there. In Asia, the Thailand’s tourism market segment has become a new growth engine. Besides, 91 low-floor buses were delivered toTaiwanlast year, the first time for the company to deliver such kind of bus there. The year also saw achievements like the first large-quantity export of light buses to South America, the steady growth in traditional markets like Iraq and Egypt, the bulk export of Kingo in the first year of its release, etc.

In the year of 2014, King Long will continue its efforts to deliver better products and services, as well as greater value to the customers.