Meeting with the Chengdu-Hongmeng automobile company

Wednesday, 17 April 2024 04:25

On April 15th in Bishkek, the Secretariat team of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic held an official meeting with a delegation from the Chinese automotive company 'Chengdu-Hunmen,' which specializes in car supplies. According to the company, its annual trading volume exceeds 50 billion yuan, and it delivers over 300,000 vehicles annually. The company controls 35% of the market in Western China and provides services for the maintenance and support of electric vehicles. Collaborating with 75 countries and regions in the field of car exports, the company has sold goods totaling over 980 million US dollars throughout its operation. The company is also engaged in industrial technologies, investments, and other activities, employing over 1,000 staff members.

During the meeting, representatives of the Chinese company thoroughly briefed the attendees on their current operations, including international projects, and expressed interest in expanding their business in the Kyrgyz Republic. Proposals for collaboration in the development of infrastructure for electric vehicles and the possibilities of establishing joint ventures were discussed.

The Secretariat of the Investment Council expressed support for this initiative and confirmed its readiness to provide comprehensive assistance in establishing and developing Kyrgyz-Chinese business relations. Both parties emphasized the importance of this direction for the economic growth and modernization of the country's production sector and agreed on plans for subsequent meetings to specify projects and discuss technical and economic aspects of the forthcoming cooperation.