HEFEI, China. - Tuesday, August 19th 2014 [ME NewsWire]

(BUSINESS WIRE) JAC Motors’ global sales received a timely injection as Chinese President Xi Jinping attended the closing ceremony of the 13th annual China-Venezuela summit on July 21, 2014. JAC Automobile (Hong Kong) Co., Ltd. affiliated with JAC Automobile Co., Ltd. Hefei, China, the Venezuelan Ministry of Road Transport and CORPOVEX S.A. signed a contract for the purchase of 5,239 heavy-duty trucks, worth a total of USD 274 million.

In addition to heavy trucks, JAC will also provide automotive training and technical assistance to staff in Venezuela. It is the largest heavy-duty truck order obtained by a Chinese automobile manufacturer outside mainland China, proving that JAC Motors is an increasingly formidable competitor in the international auto market.

Zhang Peng, Vice General Manager of JAC explained, “Exporting such a large volume of heavy-duty trucks to Venezuela is a testament to the performance and quality of JAC’s trucks. Reliable quality was the deciding factor in how we triumphed over other automobile manufacturers during the tender process.”

As a result of cutting-edge equipment and technology, and advanced quality assurance management systems, JAC heavy-duty trucks boast a quality build that has driven the brand’s international success. Further, JAC heavy trucks’ engines come equipped with high efficiency and low fuel consumption technologies, allowing these trucks to outperform competitors in fuel consumption by approximately 5% without sacrificing power or torque.

Since entering Venezuela in 2006, JAC has sold close to 10,000 vehicles. In 2012, JAC and its Venezuelan partner together established the KD plant. “Thanks to this partnership, in 2013 by surpassing GM in light-duty truck sales, JAC became the best-selling and most reputable Chinese automobile brand in Venezuela, and meanwhile the capacity of our KD plant expanded to 10,000 units/year. The plant produces a mix of light trucks, heavy-duty trucks and pick-up trucks,” said Zhang.

This export order is an important milestone for JAC’s globalization initiative, and a great opportunity for JAC to expand its influence in South America. “JAC is very committed to honoring the faith the Venezuelan people and government placed in us, and we will ensure this order of 5,239 trucks is delivered with the highest quality standards and the most comprehensive service,” said Zhang.

COMPANY INFORMATION:

JAC Motors is an automaker that has developed full-line independent brand vehicles including light, medium and heavy trucks, sedans, MPV, SRV, buses, chassis, engineering machinery, engines, and gearboxes. Based in Hefei, China, the company’s research and development center drives its innovation. JAC has also founded China’s first overseas research and development center in Turin, Italy, and a second in Tokyo, Japan.

JAC’s has been around for fifty years. Currently JAC produces more than 1,000,000 units and 700,000 engines a year, ranking the company among China’s top 10 automakers. Aside from being China’s number one exporter of light trucks for thirteen consecutive years, JAC has also received numerous industry awards and acclaim from organizations throughout China and the world.

Contacts

JAC Motors

Crystal Feng, +86-551-62296885

jacmotors@jac.com.cn

http://jacen.jac.com.cn/

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