NAIEC Authorized with Used-car Export License

  In May, 2021, with the authorization from Nanjing Municipal Bureau of Commerce, we successfully obtained the qualification of exporting used cars.

  As the platform to carry out SAIC's internationalization strategy in Nanjing area, we have been engaged in import and export of complete vehicles and auto parts for long, and has exported more than 100,000 units of complete vehicle. Our company actively strived for the authorization of the used-car export, for which we organized and submitted application materials in accordance with the relevant requirements of the Municipal Bureau of Commerce, and we successfully obtained the authorization.

  Relevant statistics shows, as of June, 2021, our country's car ownership had reached 290 million and the national transaction of used cars had exceeded 14 million in 2020.

  According to the "Notice on Supporting Development of Used Car Export in Proper Areas" jointly issued by the Ministry of Commerce, the Ministry of Public Security, the General Administration of Customs and other departments, to expand export of used car orderly is an important measure to accelerate the upgrade of domestic automobile consumption, smooth the dual circulation of automobile industry in both domestic and international markets and boost foreign trade to develop with high quality.

  To develop used-car business, we will build up a particular operation team with core capabilities such as market development, vehicle source acquisition, after-sales service, etc. and strive to achieve breakthroughs in this field.