China National Vehicles Import and Export Co. Ltd, to invest in Vehicle Plant in Sri Lanka
The Vice President of China National Machinery Import and Export Corp, Wu Yi, called on the Ambassador of Sri Lanka to China Dr. Palitha Kohona, 26 October 2021, at the Embassy to explore the possibility of establishing a vehicle plant in Sri Lanka. They plan to produce and promote the MG, Chery, and Proton brands in Sri Lanka.
The China National Vehicles Import & Export Co. Ltd., (CVC) is a wholly owned subsidiary of China National Machinery Import and Export Corp (CMC). The CVC is an enterprise specialized in the distribution of automobiles, auto parts and components and other similar products.
The CVC has already established an effective relationship with Micro Cars of Sri Lanka. The Vice President of China National Machinery Import and Export, Wu Yi said that the CVC was in the process of discussing an expanded joint venture with Micro Cars.
Ambassador Dr. Kohona stated that the Government of Sri Lanka welcomes investment in the automobile sector. He encouraged the CVC to present a detailed proposal. The Ambassador explained the domestic market for vehicles and the wider market that is available given Sri Lanka’s location in a prosperous region of the world. Further, he assured the fullest support of the Embassy.
Vice President Wu was accompanied by General Manager of the CMC Yin Qing, Deputy General Manager of the CVC Gu Chaogang, Deputy General Manager of the CVC Zhu Xiaomei, and Commercial Manager of the CVC Yan Wenshuo.