King Long Exports First Batch Of Luxury Buses
News: Chinese automaker Xiamen King Long United Automotive Industry has exported 151 luxury buses to Saudi Arabia from Xiamen Port. The exports comprised 145 units of the XMQ6128Y tourist bus and six units of the XMQ6127G city bus. The buses are 12 metres long and have the capacity to cover a distance of 1,300km daily. King Long was awarded a CNY200mn (US$31.5mn) contract in February 2012 to supply 200 tourist buses and 100 city buses to Saudi Arabia. The 151 buses were the first batch to be delivered under the contract.
BMI View: We expect the continuing expansion of Saudi Arabia's public transport network to provide a golden opportunity for commercial vehicle producers, with already-strong demand for commercial buses owing to the millions of pilgrims touring the country's holy sites.