Zhongxing exports 500 pickups to Myanmar

Shanghai, November 27 (Gasgoo.com) Hebei Zhongxing Automobile Co., Ltd clinched a deal with  Myanmar's industry department to export 500 pickups in KD units to the country, the Chinese pickup and SUV manufacturer was quoted as saying by domestic media on Wednesday.

The pickups will mainly be used by the Myanmar government and its officials, with a minority of them being sold to local people. The company said it will deliver another 1,000 units to the Myanmar market by March 2010.

Zhongxing has been expanding by leaps and bounds at oversea markets since the beginning of this year. In January its first KD plant in Jordan broke ground and then in June, its first SUV rolled off the production line at its assembly plant in Egypt, jointly built with its local partner Automotive Gate (AG).

And afterwards, Polish carmaker Pol-Mot Holding rolled off the first batch of Zhongxing vehicles, the Grand Tiger in September. The annual output is expected to reach 1,500 units at that facility. The launch was soon followed by another deal with Libya on October 20 to export 5,000 pickups to the country.

The pick-up manufacturer is forecast to sell 20,000 vehicles outside China by the end of this year, an increase of 80-100% from a year earlier.