China exports 400 buses to Cuba (China's largest export transport deal)

[Mika]

China exports 400 buses to Cuba
http://english.peopledaily.com.cn/200505/01/eng20050501_183416.html

A special ceremony was organized on Friday in Zhengzhou, capital of central China's Henan Province, to mark delivery of 400 buses for export to Cuba.

It is considered the biggest bus export deal for a Chinese auto maker.

The export deal, worth 240 million yuan (about 28.92 million US dollars), included 200 complete buses and the other 200 CKD (completely knocked down) bus parts, said Tang Yuxiang, President of Yutong Group, the exported bus maker that is based in Zhengzhou, the provincial capital.

Yutong Group will also build an after-sale service in Cuba later, according to Tang,

Yutong Group is the only bus maker that is included into China's top 500 companies. It sold 18,000 buses and chalked up 7.4 billion yuan (about 892 million US dollars) in sales last year.

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