Shulou(Shulou.com)11/24 Report--

CTOnews.com December 18 news, Zhongtai Automobile announced today that Zhejiang Zhongtai Automobile Manufacturing Co., Ltd., a subsidiary of the company, recently signed an "exclusive distribution and service agreement" with Lusai International Trading (Yongkang) Co., Ltd.

The announcement shows that Zhongtai Manufacturing is willing to authorize Lysai International to be the exclusive exporter and agent of the models in this agreement in the specific Middle East countries and regions agreed upon by both parties in accordance with the terms of the agreement, and Lexai International is willing to accept this authorization.

As the exclusive exporter and agent of Zhongtai Manufacturing in the above markets, Lexi International is willing to distribute and provide after-sales service for the related products of T300 models under this agreement in the Middle East market. the two parties agreed that the sales plan of LSai International from 2022 to 2023 is 10000 units of this model, with an amount of RMB 690 million.

In addition, throughout the Middle East, in addition to the facts of LSai International and the specific national markets agreed with Zhongtai Manufacturing to export and provide after-sales service, Zhongtai Manufacturing still has the right to arrange its own export, sales and development of dealers outside the specific countries where the actual business occurs and the specific countries agreed with Zhongtai Manufacturing.

CTOnews.com learned that Zhongtai Automobile said in the announcement that the signing of this agreement will help to further consolidate the resumption of work and production of the company's vehicles, enhance the company's market competitiveness and brand awareness, strive for more customer resources and orders, and promote the company to a healthy and sound development path. The implementation of this agreement has no significant impact on the company's operating performance this year, and is expected to have a positive impact on the company's future operating performance. The above agreement is a daily operating contract, the signing and performance of the agreement will not affect the independence of the company, and the company's main business will not rely heavily on the other party as a result of the implementation of the agreement.

Related readings:

"Zhongtai Automobile has officially resumed production, and the overseas version of its model T300 has been released."

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