CarNuxt Expedites Overseas Business Expansion: First New Energy Vehicle Export Collaboration Project Lands in Jordan
CarNuxt announced the successful implementation of its first business collaboration in Jordan. The objective of this collaboration is to facilitate the exportation of Chinese new energy vehicles to the international market and provide advanced on-demand delivery technology support to the Jordanian market. Moreover, CarNuxt is also planning to establish a global vehicle trading platform to innovate the forms of vehicle transactions. To date, CarNuxt has established a partnership with Alsamih Trading Company in Jordan and aims to expand its collaborations with more partners to jointly promote the development of new energy vehicles in the Jordanian market.
According to the latest statistics from CAAM(China Association of Automobiles), in 2022, China's exports of new energy vehicles reached 679,000 units, representing a year-on-year growth of 120%. In the first four months of 2023, Chinese automotive companies exported 1.37 million vehicles, marking an impressive year-on-year growth of 89.2%. This achievement signifies that in the first quarter, China has surpassed Japan as the world's largest exporter of automobiles for the first time. Jordan, being a market with substantial demand for automobiles and relying heavily on vehicle imports, holds significant potential for the expansion of Chinese new energy vehicles in the international market. CarNuxt has chosen Jordan as its first collaborating country, aiming to leverage the influential Chinese brand presence in the new energy vehicle（NEV） industry and the technical and product strength of CarNuxt to meet the demand for new energy vehicles in the Jordanian market.
CarNuxt plans to export approximately 3,000 pre-owned NEVs to Jordan this year. These vehicles will include models from GAC New Energy, such as the GE3, and BAIC New Energy, including the EU5. Additionally, the selection will also incorporate pre-owned new energy vehicles previously operated on CarNuxt's domestic car-hailing platform. By exporting these pre-owned vehicles, CarNuxt aims to effectively capitalize on the residual value of the vehicles, thereby securing stable profits.
Collaborating closely with Jordanian dealers, they aim to foster the prosperity and growth of Jordan's pre-owned car trading market.
CarNuxt's strategic business expansion in the Jordanian market goes beyond automotive sales and on-demand delivery technology support. It encompasses a broader vision of utilizing internet technology to build a global vehicle trading platform. This platform will integrate the distributor resources of CarNuxt across 58 countries and regions, providing Chinese automotive manufacturers with additional export channels and offering diversified supply sources to overseas distributors. Through innovative transaction models, CarNuxt aims to bring forth more business opportunities and collaboration prospects for all stakeholders in the industry, fostering the development of international automotive trade.
Mr. Liang Bo, CEO of CarNuxt, believes, "This collaboration is not only our first project involving overseas countries since our establishment but also a crucial step in expanding our overseas business strategy. The current demand for vehicles in Jordan presents favorable development potential for the exportation of Chinese new energy vehicles, offering an opportunity to promote the growth of Chinese new energy vehicles in the international market. CarNuxt will leverage the influential Chinese brand presence in the NEVs industry and the technical strength of CarNuxt to meet the demand for NEVs in the Jordanian market while providing additional internet technology support. We look forward to this collaboration with Jordan, which serves as a starting point, and we will continue to seek further partnership opportunities to jointly drive the prosperity and development of the new energy vehicle industry."
