China North vehicle Self-export Argentina project to start

During the Argentine president's visit to China, a consortium of CITIC Bank and the National Development Bank and the Argentine Ministry of Economy signed the financing agreement for the China North Vehicle export project in Argentina.　　The company said the project will be officially launched. The project is China's North vehicle history of the largest single amount of export projects, the total contract of more than 320 million U.S. dollars, including railway diesel locomotives and buses. The maximum speed of diesel locomotives can reach 160 km/h.　　The bus will be produced in accordance with the standard of UIC, the maximum speed of 160 km/h, the model is divided into first-class car, second-class car, dining car, sleeper cars and power vehicles. China North Vehicle said the company has always attached importance to export work. In the first half of this year alone, it achieved export-owned exports to Argentina, Mongolia, Australia and other countries, with a total contract amount of $540 million. 2009, China North vehicle to achieve export contract 1.29 billion U.S. dollars.