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New Energy EV In Gangbei District Drives Into ASEAN “Blue Ocean” Market

New energy electric vehicles in Gangbei District are attracting a large number of Lao exhibitors.

KUALA LUMPUR, May 29 (Bernama) -- New energy electric vehicles (EVs) in Gangbei District have appeared in Singapore, the Philippines, Laos and other countries, with the opening of the overseas exhibition tour of the 20th China-ASEAN Expo this year.

In addition, automobile enterprises exchanged and negotiated face-to-face with local enterprises and residents, entering a period of comprehensive market expansion.

Recently, Guangxi Guigang Fushuai Electric Vehicle Co Ltd and PT DFU International Indonesia, signed the first batch of directional purchase contracts for 20,000 new energy EVs in Jakarta, Indonesia.

According to the Publicity Department of Gangbei District, Guigang Municipality in a statement, behind the emergence in the ASEAN market is the industrial competitiveness promoted by Gangbei District for many years.

In 2015, Gangbei District planned to build China-ASEAN New Energy Electric Vehicle Production Base and currently, it has introduced over 100 well-known domestic finished automobile enterprises as well as supporting enterprises such as Haopai and Feineng.

More than 50 enterprises have been completed and put into production, forming an annual production capacity of five million two-wheeled EVs, 500,000 three-wheeled EVs and five million EV parts, with a local matching rate of 80 per cent.

EV enterprises in Gangbei District have a complete range of products with excellent quality, including more than 100 models such as electric bicycles, electric mopeds and electric high-speed motorcycles, leading the industry in terms of battery life, safety, intelligence and energy conservation.

In 2022, the output value of new energy EVs in Gangbei District increased by 99.3 per cent, and the total output value of the whole industrial chain exceeded 21 billion Chinese yuan.

Last year, with high quality and low price products and taking advantage of opportunities of RCEP, China-ASEAN and other trade agreements, the export trade volume of China-ASEAN New Energy Electric Vehicle Production Base reached over US$8.7 million. (US$1=RM4.61)

At present, new energy EVs in Gangbei District have been exported to India, Thailand, the Netherlands, Nepal, Peru, Costa Rica and Madagascar.

-- BERNAMA

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