With the return of the epidemic, European and American markets have once again entered a downward trajectory. In the short term, the blockade measures will lead to a decline in sales and capacity shrinkage. However, after a short period of depression in the demand channel in the first half of the year, the orders on hand by companies have reached or exceeded the level of the same period of the previous year. With the normalization of prevention and control measures and the gradual maturity of superimposed vaccine research and development, the market is expected to return to normal in the second quarter of 2021. However, the slowdown in the market demand of China Auto Exports destination countries is detrimental to the export of Chinese automobiles.
There are four major obstacles to China Auto Exports
1. Investment review and manufacturing return, anti-globalization is on the rise.
Since July 2020, the EU countries represented by Germany and France have continued to report that they will increase the review of foreign direct investment. The Trump administration has even shouted “manufacturing return”. The Sino-US trade friction and the spread of the epidemic have caused Western countries to propose to reshape relatively independent economic systems. And setting off a wave of anti-globalization. Globalization has always been regarded as a dynamic process.
The international division of labor caused by differences in original accumulation has basically taken shape. At the same time, production capacity tends to be highly concentrated, and the supporting system of the industrial chain shows regional characteristics. Therefore, companies want to “bring away” on their own. not easy. At the same time, globalization is also a process driven by commercial interests. Enterprises are constantly exploring the best models of global production and global sales in order to maximize their benefits. But in any case, the rise of anti-globalization will make my country’s auto products exports face severe challenges.
2. The purchasing power of currencies in emerging markets has declined and the RMB exchange rate has continued to rise.
The main export markets for self-owned brands are concentrated in emerging markets and developing countries. These regions have been hit hard by the epidemic and the economic decline is obvious. At the same time, it has also brought about a sharp depreciation of the destination country’s currency. It has seriously affected the purchasing power of local end customers and the funds of distributors. Turnover. Market instability caused by huge exchange rate fluctuations will further intensify, and the overseas profitability of companies will be tested.
Since reaching a low level at the end of May 2020, the RMB exchange rate has been rising all the way. And rising to around 6.5 in early December. This is mainly due to the fact that China took the lead in controlling the epidemic and ushered in an economic recovery. The epidemic in the United States continued to increase and dragged down the economic recovery. China and the United States The widening disparity in economic fundamentals supports the RMB’s short-term appreciation channel.
In addition, domestic exports including mini bus performed well. And the dollar index fell sharply, which also accelerated the inflow of international capital. The signing of RCEP will also promote the renminbi to play a more important role in regional trade settlement and payment. It will bring benefits to RCEP countries’ increasing demand for renminbi. And will also give a certain impetus to the renminbi exchange rate to maintain its upward trend. It is undeniable that the appreciation of the renminbi will squeeze the profit margins of overseas authorized markets, increase the purchase cost of distributors. Therefore, weaken the competitiveness of my country’s export products; the cost of foreign currency settlement including the receipt of foreign exchange on mini bus will also increase simultaneously. Moreover, resulting in exchange losses.
3. Shipping freight rates have skyrocketed, and global trade imbalances have become prominent.
In 2020, the COVID-19 epidemic has pressed the pause button for the global economy, and the export of my country’s automobiles. Many are facing unprecedented difficulties, such as the 18 seater minibus for sale. Since March, driven by the gradual recovery of domestic sales, automobile exports have shown strong resilience.
According to customs statistics, including 18 passenger minibus exporting quantity, a year-on-year decrease of 9.8%. This is from January to November 2020, 844,400 complete vehicles exported. (excluding low-speed manned electric vehicles, the same below). What’s more, the export value was USD 13.948 billion, a year-on-year decrease of 4.5%. Among them, 605,000 passenger vehicles were exported, down 6.1% year-on-year; 243,600 commercial vehicles including 18 passenger minibus were exported, down 17.9% year-on-year. According to the estimation, the export volume of complete vehicles in 2020 will be around 950,000. It is a year-on-year decrease of about 5%.
4. Epidemic Influence on China Auto Exports:
Affected by the epidemic, vehicle exports from January to November 2020 will show obvious monthly differences. Since February to March has not fully resumed work and production, personnel, logistics, and production capacity have not been fully in place. Exports have dropped significantly. It was not until April that they recovered and exceeded the level of the same period of the previous year; the spread of overseas epidemics since May has caused demand to fall and exports The volume also fell to the lowest level in the same period, with a year-on-year decline of more than 35%; then slowly recovered in September; it performed strongly from October to November, and the monthly export growth rate in November was close to 20%, which strongly boosted the pace of export growth throughout the year.
Seven characteristics of auto exports in 2020
Firstly, the structure of export products is optimizing, with small cars as the largest export model.
In 2020, the China Auto Exports structure of my country’s complete vehicles including 18 seater minibus for sale will be further optimized. From January to November, passenger cars accounted for 71.1% of total vehicle exports, an increase of 2.8% over the same period in 2019. As the largest export model, sedan exports totaled 246, 000 units, a year-on-year decrease of 26.7%, accounting for 41.0% of total passenger vehicle exports; followed by passenger cars with 9 seats or less, exporting 246,600 units, an increase of 13.8%. They accounted for 41.1% of total passenger vehicle exports; the above two types of vehicles accounted for 58.4% of total vehicle exports.
Secondly, fuel vehicles are the main force for export, and new energy vehicles including minibus 18 seater have outstanding performance.
The main export status of fuel vehicles is still difficult to shake. From January to November 2020, my country’s gasoline and diesel vehicle exports totaled 686,200, accounting for 81.3% of the total vehicle exports. With the overall weakening of the overseas demand side, the export of new energy vehicles including 18 passenger minibus to the mid-to-high-end market performed strongly. From January to November, my country exported 98,900 new energy vehicles including minibus 18 seater, a year-on-year increase of 85.8%; the China Auto Exports value was US$2.958 billion, a year-on-year increase of 175.4%. Among them, 21,800 plug-in hybrid vehicles were exported, an increase of 118.5 percent year-on-year; 63,500 pure electric passenger vehicles, accounting for 64.1% of the total exports of new energy vehicles.
Thirdly, developing countries are the main export destinations, starting to export to the European market.
In the past, my country’s vehicle exports, including 18 passenger minibus, mainly focused on developing countries and regions. Such as Latin America, West Asia, and Southeast Asia. From the perspective of China Auto Exports market distribution in 2020, developed countries will become latecomers. This will become new growth points.
From January to November, Saudi Arabia was my country’s largest export market for complete vehicles, exporting 88,900 vehicles, a year-on-year increase of 78.1%; Egypt ranked second, exporting 54,700 vehicles, a year-on-year increase of 83.0%; Chile ranked third, exporting 4.60 Russia ranked fourth, exporting 37,900 vehicles, a year-on-year increase of 5.41%; Australia ranked fifth, exporting 35,600 vehicles, a year-on-year increase of 49.4%. It is worth noting that my country’s auto exports to EU countries, including 18 passenger
Fourthly, self-owned brands are improving as a whole, and some enterprises are still waiting for their efforts.
At present, my country’s vehicle exports, including 18 passenger minibus, are still mainly self-owned brands. At the same time, the export growth of enterprises varies greatly.
Fifthly, the joint venture has adjusted its positioning, and the growth space needs to be expanded.
With the slowdown of the domestic auto market growth and the intensification of overcapacity problems, the domestic supporting infrastructure has become increasingly perfect. Such joint ventures have adjusted their positioning and the scale of China Auto Exports has expanded. Then, with the continuous opening of my country’s automobile industry, including 18 passenger minibus. Also the signing of regional free trade agreements represented by the Regional Comprehensive Economic Partnership Agreement (RCEP). The multinational auto companies have accelerated their regional industrial chain layout. Moreover, my country is expected to become a part of multinational companies Globally important cars.
Sixth, electricity is surging and competition in the international market is intensifying.
According to data from EV Sales, from January to November 2020, the global sales of new energy vehicles including 18 seater minibus will be 2.5406 million units, an increase of 30.98% year-on-year. The global sales of pure electric and plug-in hybrid vehicles will be 2.9 million units in 2020. . It is worth noting that as the European Union adopts the WLTP working condition standard and requires that the average carbon emissions of all new cars sold in 2021 should not be higher than 95g/km. Consequently, it has forced European automakers to accelerate the process of electrification.
The emergence of the epidemic has accelerated to a certain extent the implementation of new energy vehicle policies in European countries based on electric vehicle purchase subsidies and tax reductions. Electric vehicles including 18 passenger minibus have begun to be marketed in a concentrated manner. Therefore, market competition accelerates the transformation of the industry, and there is a long way to go for the electrification of self-owned brand automobile exports.
Finally, simultaneous development of trade and investment, with independent brands starting a new journey of internationalization.
In the process of “going out”, independent brands began to walk “on two legs”, not only attaching importance to China Auto Exports trade but also speeding up overseas investment. Under the epidemic situation, products are still the best “weapon” to respond to the market. Independent brands use new energy vehicles including 18 passenger minibus as the “stepping stone” to test the waters of Europe and prepare for the upcoming full electrification.
See more about auto foreign investment will be fully open in 2022.
Transformation of the auto industry
How about the transformation of the auto industry, including small vans for sale?
The automotive industry has undergone a difficult transformation
The COVID-19 new crown pneumonia epidemic has swept the world. As one of the world’s important core industries, the automotive industry, including small vans for sale, has undergone a difficult transformation under the impact of the epidemic.
As the so-called crisis is organic, with the spread of the new crown pneumonia epidemic, increasing downward pressure on the world economy. And sharply shrinking market demand of the global automotive industry, including small vans for sale has also felt the necessity and urgency of industrial transformation and upgrading.
“Green” and “Electric” have become the core keywords
“Green” and “Electric” have become the core keywords for the transformation of the automotive industry in 2020. As a “heavy player” leading the development of the world’s auto industry, Europe has gathered many top automakers. In recent years, the EU has increased its emission reduction policies at the upper levels. It has brought considerable pressure to the European auto industry. The EU’s start in the field of new energy vehicles is not too early. And the new energy vehicle industry layout has not been started very early. Moreover, the relevant EU support policies have not been put in place quickly. And resulting in the EU’s new energy vehicle market in recent years has been tepid.
EU has begun to “suddenly exert its strength”
It is worth noting that starting from the second half of 2019, the EU has begun to “suddenly exert its strength” in the field of new energy vehicles. It has accelerated the establishment of the EU’s own battery production capacity. To this end, the European Union has joined several member states to establish the EU Electric Vehicle Battery Alliance. Hoping to quickly get rid of its dependence on suppliers from China and other Asian countries in terms of battery supply. At the same time, EU governments have also begun to support new energy vehicles in policies. And encouraging consumers to purchase new energy vehicles through vehicle purchase subsidies and other forms.
Take Germany as an example. At present, the government subsidies up to 6,000 euros for electric vehicles priced below 40,000 euros. Not long ago, the German government also decided to allocate 3 billion euros to support the automotive industry. Also, including small vans for sale, of which 1 billion euros will be used to extend subsidies for electric vehicle purchases to 2025. And 1 billion euros will be used to promote the automotive industry, including small vans for sale transformation and innovation. In addition, Germany will also devote a portion of funds to the development of electric vehicle charging infrastructure.
Important direction of transformation
With the continuous popularization of 5G network technology and the rapid development of digital technology, the automotive industry, including small vans for sale, intelligence and networking has become an important direction of transformation and a core area of future competition. China, the European Union, the United States, and other major automobile production and sales markets in the world have reached a consensus on the development direction of future industries such as intelligent networking.
European automotive manufacturers want to catch up with the tide of industrial transformation
As a leader in the traditional automotive industry, European automotive manufacturers have been absent in the field of R&D and applications. It is in the field of intelligent interconnection for quite a long time in the past. In order to catch up with the tide of industrial transformation, in recent years, the European Union has increased policy support for intelligent and connected driving. Also, major auto companies have also increased their R&D investment. According to the calculation of the German Automobile Industry Association. The total investment in the field of intelligence in the German automobile industry will reach 25 billion euros by 2024. Various car companies have also begun to strengthen cooperation with Internet companies. Moreover, trying to seize the initiative in the development of intelligent interconnection.
Epidemic has brought a huge impact
While the epidemic has brought a huge impact on the world economy. It has also added huge uncertainty to the development of the global automotive industry, including small vans for sale. According to relevant forecast data, this year’s global car sales are about 70 million units, down 23% from last year. Major car companies are struggling to survive. In Germany, persistently sluggish domestic demand has further jeopardized employment in the automotive sector. According to forecasts, by the end of 2021, the number of direct jobs in the German automotive industry will be reduced from 820,000 at the end of 2019 to approximately 750,000.
At the moment when the global automobile market, including small vans for sale, is facing huge uncertainty. The market generally believes that the revitalization of the Chinese market will strongly support the recovery of the global automobile industry. The three major German auto companies have expressed that they will continue to increase investment in the Chinese market. Especially in areas such as new energy vehicles and smart driving to strengthen their layout and development in the Chinese market. Experts said that Germany, as a world-class automobile industry powerhouse, is full of confidence in the Chinese market.
2020 is an extraordinary year for the global automotive industry, including small vans for sale. Relevant analysis pointed out that the next 5 to 10 years will be a critical period for the transformation and upgrading of the global automotive industry. And fields such as green travel and smart interconnection will usher in the peak of technological development. Whether the automobile industry, including small vans for sale, can seize the opportunities brought by new technologies. And new situations and effective responses to challenges will profoundly affect the development of the industry.
Chinese Auto Spare Parts Export Status in 2020 ~2022
1. In 2020, China Auto Exports of parts and components, including 18 passenger van, will drop more than the entire vehicle.
Since 2015, the export of my country’s auto parts (including key auto parts; spare parts; glass; and tires; the same below) has not fluctuated much. Except for the 2018 export value, including 18 passenger van. It exceeded 60 billion U.S. dollars, all other years fluctuated around 55 billion U.S. dollars. Also, it was similar to the annual export trend of complete vehicles. In 2020, the total export volume of my country’s auto products will exceed US$71 billion. And the parts and components accounting for 78.0%. Among them, the export value of complete vehicles was US$15.735 billion, a year-on-year decrease of 3.6%. What’s more, the export value of parts and components was US$55.397 billion; a year-on-year decrease of 5.9%. It was higher than that of complete vehicles.
Compared with 2019, the monthly difference in parts exports in 2020 is obvious. Affected by the epidemic, exports fell to a trough in February, but returned to the same period last year in March; due to weak demand in overseas markets, they continued to decline for the next four months. And then stabilized and recovered in August. China Auto Exports continued to run at a high level from September to December. . Compared with the export trend of complete vehicles parts and components rebounded to the level of the same period of the previous year one month earlier than complete vehicles. It shows that parts and components are more sensitive to the market.
2. The China Auto Exports is mainly key parts and spare parts.
In 2020, my country’s exports of key parts for automobiles were US$23.021 billion, a year-on-year decrease of 4.7%, accounting for 41.6%; the export of parts and accessories was US$19.654 billion, a year-on-year decrease of 3.9%, accounting for 35.5%; and the China Auto Exports of automotive glass was US$1.087 billion. A year-on-year decrease of 5.2%; automobile tire exports were 11.635 billion US dollars, a year-on-year decrease of 11.2%. Automobile glass is mainly exported to traditional automobile manufacturing countries such as the United States, Japan, Germany, and South Korea. The main export markets for automobile tires are the United States, Mexico, Saudi Arabia, and the United Kingdom.
Specifically, the main types of key exports are frame and brake systems, with exports of 5.041 billion and 4.943 billion US dollars. Mainly to the United States, Japan, Mexico, and Germany. In terms of parts and accessories, body panels and wheels will be the main export categories in 2020. And the exports of 6.435 billion and 4.865 billion US dollars. The wheels are mainly exported to the United States, Japan, Mexico, and Thailand.
3. The export markets are concentrated in Asia, North America, and Europe.
Asia (this article refers to the rest of Asia without China, the same below), North America, and Europe are my country’s main export markets for parts and components.
In 2020, my country’s largest export market for key parts in Asia, with an export value of 7.494 billion U.S. dollars, accounting for 32.6%; followed by North America, with an export value of 6.076 billion U.S. dollars, accounting for 26.4%; exports to Europe 59.02 Billion US dollars, accounting for 25.6%. In terms of spare parts, including 18 passenger vans, exports to Asia accounted for 42.9%; exports to North America were US$5.065 billion, accounting for 25.8%; exports to Europe were US$3.371 billion, accounting for 17.2%.
Although there are trade frictions between China and the United States, my country’s exports of parts and components to the United States. It will decline in 2020, but whether it is key parts or not, the United States is still our largest exporter. These two items are exported to the United States.
The proportion is about 24%, and the total export value exceeds 10 billion US dollars. Among them, the main export products of key parts, including 18 passenger vans are brake systems, suspension systems, and steering systems. Moreover, the main export products of parts and accessories are aluminum alloy wheels, car bodies, and electric lighting devices. Also, other countries that export more key parts and accessories include Japan, South Korea, and Mexico.
4. RCEP agreement regional auto industry chain export relevance.
Firstly, in 2020, within the RCEP Agreement (Regional Comprehensive Economic Partnership Agreement) area. Such as Japan, South Korea, and Thailand are the top three countries in the export of my country’s automobiles, including 18 passenger van key parts and spare parts. The products exported to Japan are mainly aluminum alloy wheels, bodies, ignition wiring units, brake systems, airbags, etc.; the products exported to Korea are mainly ignition wiring units, bodywork, steering systems, airbags, etc.; the main exports to Thailand are car bodies, aluminum Alloy wheels, steering systems, braking systems, etc.
Secondly, according to OICA (World Automobile Organization) estimates, the number of global cars, including 18 passenger van, will be 1.491 billion in 2020. The ever-increasing inventory provides a strong business channel for the automotive aftermarket. It means that there will be more after-sales service and maintenance needs in the future. My country’s parts and components companies need to seize this opportunity.
Finally, the automobile industry, including 18 passenger van, is experiencing the largest window of development in a century. As the upstream and downstream automobiles of the industry chain, the auto parts industry including 18 passenger van is moving along with it. It is in a dynamic process of integration, reorganization, and competition, and needs to seize opportunities. Strengthen oneself, make up for shortcomings. Adhering to independent development and taking the road of internationalization is the inevitable choice for the upgrading and upgrading of the industrial chain of my country’s automobiles.
The economic operation of the mini bus manufacturer in January 2021
How about the economic status of bus manufacturer?
In 2021, under the strong leadership of the Party Central Committee with Xi Jinping at its core, all regions and departments will continue to do a good job in the “six stability” work and fully implement the “six guarantees” tasks. China’s economy will shift from a structural recovery to a full recovery, and the economy will grow. The endogenous power will be further enhanced.
All regions and departments have actively responded, scientifically prevented, and controlled.
Since January, although local clusters of epidemics have occurred successively in many places in my country. As well as the production and operation of some enterprises have been temporarily affected to some extent. All regions and departments have actively responded, scientifically prevented, and controlled. Moreover, they implemented precise policies to continue to coordinate epidemic prevention and control and economic and social development. Therefore, the overall national macroeconomic situation remains stable, and the business climate continues to remain in the expansion range.
In this context, the automobile industry has continued a good development trend. From the perspective of market conditions, overall demand remained stable. At the same time, since the Spring Festival last year was in January, the base was low, and this month’s car sales (including bus mini) showed substantial growth. In them, the contribution of passenger car sales growth remained within a reasonable range, and the sales of commercial vehicles (including bus mini) were driven by trucks, and monthly sales broke the historical record of the month for 10 consecutive months.
New energy vehicles development
New energy vehicles (including bus mini) continue to continue the development trend of the second half of 2020. Sales this month have increased by nearly 2.5 times year-on-year, and sales have set a new historical record for the month for 7 consecutive months. Exports of automobiles (including bus mini) also continued to recover. Following the two consecutive months of export volume in November and December last year, the export volume set a new historical record this month.
Specifically, the operation of the automobile industry in January 2021 roughly shows the following characteristics:
The production and sales of automobiles (including bus mini) increased significantly year-on-year
In January, the production and sales of automobiles were 2.388 million and 2.503 million respectively. Also a decrease of 15.9% and 11.6% from the previous month, and a year-on-year increase of 34.6% and 29.5%.
There are two reasons for the sharp year-on-year growth in production and sales this month. First, the current market demand is still recovering. Second, the base level is low due to the 2020 Spring Festival holiday in January and the impact of the epidemic at the beginning of last year. Judging from the month-on-month comparison, the rapid decline in production month-on-month reflects that the insufficient supply of automotive chips has affected the company’s production rhythm.
2. The production and sales of passenger vehicles increased significantly year-on-year
In January, the production and sales of passenger vehicles were 1.91 million and 2.045 million. And down 18.1% and 13.9% month-on-month, and up 32.4% and 26.8% year-on-year.
From the specific data, the production and sales of cars increased by 38.2% and 31.6% respectively; the production and sales of SUVs increased by 29.8% and 25.2% respectively; sales of MPV increased by 18.3% and 8.6% respectively, and sales of cross-type passenger vehicles decreased by 4.8% and 18.1%.
In January, the sales volume of domestically produced luxury cars was 329,000, an increase of 58.2% year-on-year. Furthermore, we continued to maintain the leading growth rate.
3. The monthly sales of commercial vehicles (including bus mini) hit a record high
In January, the production and sales of commercial vehicles were 478,000 and 458,000, respectively. Production decreased by 6.1% month-on-month, sales increased by 0.5% month-on-month. As well as production and sales increased by 44.3% and 43.1% year-on-year, respectively.
From the perspective of segmented models, the production and sales of trucks this month were 443,000 and 422,000. The number shows up 46.4% and 44.3% year-on-year respectively. It completed 35,000 and 36,000 vehicles. It is a year-on-year increase of 22.4% and 30.1% respectively.
4. Monthly sales of new energy vehicles hit a record high
In January, the production and sales of new energy vehicles (including bus mini) were 194,000 and 179,000 respectively. Also a decrease of 17.8% and 27.8% from the previous month. Moreover, an increase of 285.8% and 238.5% from the same period last year. New energy vehicles continue to refresh the single-month sales record, which has been 7 consecutive months.
Among them, the production and sales of pure electric vehicles were 166,000 and 151,000, an increase of 366.6% and 287.8% year-on-year; the production and sales of plug-in hybrid vehicles were 28,000 and 29,000, an increase of 92.4 year-on-year. % And 104.7%; the production and sales of fuel cell vehicles were 29 and 63 respectively; a year-on-year decrease of 80.0% and 63.2% respectively.
5. The market share of Chinese brand passenger vehicles has risen
In January, the sales of Chinese brand passenger vehicles declined from the previous month and showed rapid growth year-on-year. A total of 867,000 vehicles were sold that month, an increase of 42.6% year-on-year, accounting for 42.4% of total passenger vehicle sales, an increase of 4.7 percentage points from the same period last year.
6. Decline in market concentration of key enterprise groups
In January, the sales of the top ten enterprise groups in automobile sales totaled 2.251 million vehicles, an increase of 26.9% year-on-year, accounting for 89.9% of total automobile sales, 1.8 percentage points lower than the same period last year.
7. Year-on-year growth in automobile exports (including bus mini)
In January, automobile companies exported 119,000 vehicles (including bus mini), a decrease of 17.6% from the previous month and an increase of 73.0% from the same period last year. This month’s exports set a new monthly export record. In terms of vehicle types, passenger vehicle exports were 91,000 units this month, down 21.5% month-on-month and up 76.9% year-on-year; commercial vehicle exports (including bus mini) were 28,000 units, down 1.7% month-on-month and up 61.7% year-on-year.
Looking forward to the first quarter, although my country’s economic development situation is generally good, there are still many uncertainties in the epidemic and the external environment, especially the tight chip supply that has occurred since the end of last year, which will also have a certain impact on global automobile production for a period of time, which in turn affects the stability of the operation of my country’s automobile industry .
The end of 2020 has strong momentum, and at the beginning of 2021, KINGSTAR new minibus will be more robust
The new minibus is quite welcome in the worldwide market. KINGSTAR delivered 4,020 units to worldwide customers from 2004 to the end of 2020. We are looking forward to the next chapter — 2021, full of new expectations.
We are making continuous progress.
As the year 2021 is coming, KINGSTAR has launched a New Year activity to encourage people to look forward to 2021 positively. The event left more than 3 million impressions and attracted more than 15,00 people to participate and share their wishes, leading people through the wonderful year of 2020 and reviewing the achievements of KINGSTAR in this extraordinary year.
The unprecedented year 2020 will surely be a pivotal moment in history. In facing the epidemic, KINGSTAR assumed social responsibility in the global fight against the epidemic. We carry out donations around the world. Since the outbreak of the epidemic, KINGSTAR has sent anti-epidemic materials and comprehensive prevention and control experience to 25 countries in Asia, Europe, America, Africa, and the Middle East, benefiting more than a 0.3million people and strengthening international ties.
KINGSTAR minibus is also making continuous progress in the field of intelligent technology to meet challenges with innovation. In the industry downturn, KINGSTAR maintains a rapid growth in global influence. We won customer support worldwide. -We shipped 200 units to South America and more than 200 units to Africa.
KINGSTAR provides high-quality products, comprehensive solutions, and all-around services. Meanwhile, we provide a better public travel experience for people around the world. KINGSTAR’s brand value is “Minibus makes life better”. KINGSTAR focuses on no limit to products, but also jointly build a greener. We are looking for a more intelligent and more efficient minibus industry in the future. We believe our efforts will never be wasted. KINGSTAR will definitely trigger better energy saving, environmental protection, new energy vehicle era!