China Southern car overseas expansion speed

Doubling of overseas sales in the next five years [Australia is the bridgehead of China South car to open up developed country market, this April, China Southern car and the country also signed the vehicle contract] China South car (601766. sh;01766. HK) Overseas expansion strategy accelerates.　　August 4, China Southern Car announced that as of the end of July this year, the company's overseas contract amount of more than 760 million U.S. dollars, at present, China Southern car overseas market sales revenue, about 10% of the total sales revenue, the next 5 years, the proportion will increase to 20%. China Southern car Dong Shao Renjiang revealed: "In the first half of this year, the company's overseas contract volume increased twice times more than the same period last year." Compared with international competitors, our advantage lies in the high cost performance, short delivery time. At present, the main export areas of China's south vehicles include the Middle East, Central Asia, South Asia, Southeast Asian, Africa, Oceania and other regions. "The Middle East is an important market for China Southern car, partners including Saudi Arabia and other countries, this year has signed 50 locomotive export contracts."　　"Shao Renjiang said. At the end of May this year, the first 125 lorries from Wuhan arrived in the Middle East via Shanghai port.　　July 20, China Southern car Qishuyan Company and the Saudi Railway organization signed a contract, this is the first time China Southern car to the region to supply trunk locomotive products. Shao Renjiang said: "Southeast Asia is our traditional export market, Singapore, Malaysia, Vietnam, Cambodia is an important export target."　　In the first half of this year, China Southern car and Zimbabwe have signed 4 locomotive export contracts, with Australia, Hong Kong region signed 210 goods export contracts. June 21, China Southern Car Plant Company and India signed New Delhi RMGL Metro project in Gurgaon. 2011, China Southern car will be delivered to India for the mass Transit railway vehicles. July 23, China Southern car and Malaysia City signed nearly 4 billion Yuan Intercity rail vehicle orders.　　The project vehicles will be used for the busiest north-south inter-city operations in the Malaysian capital Kuala Lumpur.　　Following the delivery of 5 locomotives and 22 passenger cars to Guinea in April this year, China Southern Car also signed 4 diesel locomotive export contracts with Zimbabwe in the first half of this year.　　In Central Asia, China Southern has already assumed 90% of the country's passenger traffic and 70% per cent of its freight volume, bearing more than 40% per cent of Uzbekistan's passenger volume and more than 30% of its freight volume. In the African market, China Southern car products have been exported to Sudan, Namibia and other 13 countries and regions.　　Australia is China's South vehicle to open up developed country market bridgehead, this April, China Southern car and the country also signed a vehicle contract. While China's southern vehicle expands overseas, its export product structure has also changed. In recent years, China's south vehicle exports accounted for about 80% of total exports, the remaining export products for spare parts. Exports of vehicles, EMU, locomotive, urban rail and other products accounted for 70%, the rest for the export of goods vehicles.