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BAIC Group Exhibits at Zimbabwe International Trade Fair
Date:2017-05-11 Source:xinhua
www.chinatruck.com: The annual 2017 Zimbabwe International Trade Fair (ZITF) in Zimbabwe's second largest city Bulawayo grandly open from April 25-29 under the theme: "Harnessing Linkages for Industrial Development".
Chinese automotive company Beijing Automotive Group Co. Ltd (BAIC Group) that recently formed a joint venture with two Zimbabwean companies to form Beiqi Zimbabwe (Pvt) Ltd also exhibited at the ZITF this year.
Its local partners are the government owned Willowvale Mazda Motor Industries (which had not been operational for more than four years) and automotive and spare parts dealer Astol Motors who jointly own 49 percent of shares in the joint venture.
Beiqi Zimbabwe is involved in the importation of whole vehicles, knocked down kits, distribution, services and finance management.
An official of the joint venture automotive firm Peter Makowa said they had sold 25 top of the range pick-up trucks - the Grand Tiger - which they launched on March 27 this year at a competitive price of 33,000 U.S. dollars.
"This means that we sold one unit per day since we started operations and this is good. The market for our product is very good. We are using the technology that Zimbabweans are familiar with and we also provide after-sales service." Makowa said.
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