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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 in contrarian conditions. According to customs statistics, Shaanxi Automobile Group exported 3,340 vehicles in the first quarter of this year, generating US$130 million in foreign exchange, an increase of 220% year-on-year, ranking first in the national 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 determined to make progress and take the initiative. They have sent more business personnel to Algeria and established new service centers to make the market more accurate. Thanks to strong marketing network and service guarantees, in mid-April this year, Shaanxi Automobile Group and Algeria signed another 5,500 car purchase contracts in Beijing, and they will deliver goods within five months. At present, the heavy truck market in Algeria has accounted for 80% of Shaanxi Auto's exports.
In order to further expand the export space, Shaanxi Heavy Duty Import and Export Company has entered the Angola market in bulk.