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Xiamen King Long United Automotive Industry Co., Ltd. (Thereinafter referred to as King Long) signed strategic cooperation contract with one Israel motor company on 24th.
According to the contract, the company will act for King Long on sales and services in Israel markets. And this means China buses entering Israel markets for the first time.
It is learned that Israel annual needs for buses are about 1,000 units with Euro Ⅴ emission standard. As closer economic ties between China and Israel and fast rising of China bus manufacturing level, local dealers are considering to import China buses.
King Long is one the biggest domestic bus manufacturers with annual production capacity of 50,000 units. Their products were exported to 59 countries and regions last year with sales revenues of 1.2bn yuan (180,000,000 USD). While the Israel company is the biggest auto distributor in the country and it owns the biggest local bus builder.