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At 12:15 on Jul. 21 local time, in the presence of Chinese President Xi Jinping and Venezuela President Nicolás Maduro, Zhengzhou-based Yutong Bus signed a memorandum for 1,500 units buses as well as spare parts, tools, maintenance and intelligence bus operation management system.
According to sources, the profit of a single exported Yutong bus is expected to be high. This batch of Yutong Buses exported to Venezuela will enhance the profit in the second half year. It is expected that 1000 units of the 1500 order will delivered to Venezuela, calculated by a average price of a million per unit, the expected profit will amount to a billion, which will enhance the profit in the second half year.
It is expected that the exports will grow 20% to reach 6000 units in 2014.