Chinese language automotive manufacturers have turn out to be main gamers in Kuwait auto sector: Envoy

By Majd Othman

KUWAIT: Chinese language automotive manufacturers in Kuwait have overtaken German and Korean manufacturers to turn out to be one of many main manufacturers being offered within the nation, stated Zhang Jianwei, Ambassador of the Individuals’s Republic of China to Kuwait. Chatting with Kuwait Occasions on the sidelines of a workshop on Thursday titled “The Way forward for the Growth of Chinese language Automobiles in Kuwait”, the ambassador stated that there are round 78 worldwide automotive manufacturers in Kuwait, of which 22 are Chinese language manufacturers.

“In keeping with the statistics of the Common Administration of Chinese language Customs in 2021, China exported 17,859 vehicles to Kuwait, an annual improve of 81 p.c, whereas the money worth amounted to $134.5 million, a rise of 99.4 p.c year-on-year,” he stated.

Ambassador Zhang Jianwei

“This means the nice expertise of Chinese language vehicles. About 10 years in the past, Chinese language automotive business witnessed nice growth following the opening up of China to the world, together with Kuwait, particularly with the institution of strategic relations between China and Kuwait in all fields, be it politics, financial system, tradition or humanitarian points. That is the case within the subject of vehicle advertising and marketing as effectively. We count on promising prospects of exchanges between the 2 nations in all fields,” Zhang added.

The ambassador stated throughout his speech on the workshop that Chinese language autos have achieved excellent performances and received a terrific repute within the Kuwaiti market. He outlined the explanations that led to a rise within the demand for Chinese language vehicles. “At present, new applied sciences are being extensively used and designs and features are always being upgraded. The continual enchancment of consumer expertise in line with the calls for of the home market is a significant function of Chinese language vehicles,” he stated.

New vitality autos

“Since January to July 2022, China exported 295,000 new vitality autos (NEVs), 46.6 p.c of complete exported vehicles. From opening as much as different markets, introduction of joint ventures, unbiased manufacturing to exports overseas, the Chinese language vehicle business has realized lots and achieved important development in overseas change and steady cooperation. The coverage of sharing the advantages with different markets was a primary precept for us, whereas it’s unimaginable for the Chinese language automotive market overseas to develop until everybody shares our success with them. With out China’s applicable preventive and management measures and shut coordination in all features in the course of the pandemic, China’s auto business wouldn’t have been in a position to resume work and manufacturing in time, in addition to obtain a collective leap of development,” Zhang elaborated.

Mohammad Al-Duwaihees

Vice President of Kuwait Union of Automotive Businesses Mohammad Al-Duwaihees informed Kuwait Occasions that the function of the union is to facilitate and pave the best way for each authorities and personal events to develop the car market, particularly Chinese language vehicles, due to their nice demand within the area, particularly in Kuwait. “At present we have now a lot of Chinese language manufacturers in Kuwait. So we hope that this cooperation can be in place within the coming days, and we stay up for extra cooperation with related authorities authorities,” he stated.

“The large presence of Chinese language vehicles in Kuwait is primarily on account of our particular nature, being a rustic with a protracted custom of utilizing vehicles, for the reason that thirties. This makes Kuwaiti customers specialists within the vehicle subject. Since younger folks represent the biggest proportion of our society, expertise has turn out to be a prerequisite in any business. Because the Chinese language vehicle business has turn out to be very developed and it possesses essentially the most superior expertise, it is ready to entice a lot of customers, notably the youth,” Duwaihees identified.

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