Dr. Wang Can, Chairman of STARK, visited Brazil to investigate the new energy vehicle market and discuss cooperation

（ 2023-7-10 ）

　　At the invitation of the Brazilian partner, Dr. Wang Can, Chairman and General manager of our company, and Mr. Peter Li, Senior Vice President of our company, will go to Brazil on July 2, 2023 for a two-week visit to the new energy vehicle market.

　　From 2022, the Brazilian bus market has opened an explosive growth model, according to the data announced by the Brazilian National Automobile Manufacturers Association on January 6, 2023:

　　  In 2022, bus production in Brazil increased by 316,000 units, an increase of 67.7%. Brazil's bus industry produced a total of 31,664 buses in the whole year of 2022, an increase of 67.7% compared to the 18,881 buses produced in 2021.

　　  In 2022, Brazil's bus market registered an increase of 23.4%. In 2022, 17,357 buses were registered in the national market, and 14,062 buses were registered in the whole market in 2021, an increase of 23.4 percent.

　　  In 2022, Brazil's bus exports increased by 23.1%. The number of buses assembled and exported in Brazil in 2022 was 5,213, an increase of 23.1% compared to 4,234 exported in 2021.

　　The inviting party for this event is a well-known Brazilian bus importer, seller, and service provider. The company has a strong bus marketing and service network in Latin America with a core team that has been engaged in bus marketing for more than 20 years. The partner has ordered 2,800 new energy buses ranging from 6 TO 18 meters in 10 cities including Palmasto, Curitiba-PR, and Londrina-PR.

　　During the visit, the two sides had in-depth discussions on cooperation to introduce new energy buses from China to the Brazilian market, and signed a strategic cooperation agreement.The Brazilian partner is responsible for the export supply of new energy buses. Responsible for new energy bus sales and service.

　　In addition to reaching a consensus in the field of new energy buses, the two sides also discussed the introduction of new energy logistics vehicles and other products to Brazil, financial cooperation and capital cooperation, and both sides agreed to continue to expand the areas of cooperation between the two sides.