It is reported that Daewoo Automobile Marketing Co., Ltd. will import small and medium-sized cargo trucks of less than 8 tons imported from China into the Korean market for sale. This will enable trucks made in China to land on the Korean market for the first time, causing special attention from Hyundai, Kia and Tata Daewoo commercial vehicle manufacturers. Cardigan Sweater
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The news from Daewoo Automobile Marketing Company stated that they had negotiated with Qingling Automobile Co., Ltd. of Chongqing, China, to import 2.5 tons of cargo trucks from the company into the Korean market for sale. Since the Chinese company is a joint venture with Japan’s Isuzu Corporation, the 2.5-ton light truck is equipped with engines and transmissions made by Isuzu. The Isuzu Corporation's engine and transmission technology is in a leading position in the world and is recognized by the international automotive community and consumers. Therefore, the technical and quality of 2.5-ton trucks produced by Chinese joint ventures are comparable to international standards.
At present, in the Korean market, the 2.5-ton light truck produced by Hyundai Corporation is in a monopoly position, while the price of similar light trucks imported from China is 10%-20% lower than that of Hyundai Motor. Therefore, China’s light trucks are in the Korean market. The sales outlook is very promising.
It is reported that Daewoo Automobile Marketing Co., Ltd. will obtain an import approval license from the Korean Ministry of Construction and Transportation, and is expected to import vehicles from China for the first time at the beginning of next year. If successful, Daewoo Automobile Marketing also plans to import other small and medium cargo trucks from China to sell in South Korea.
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