The automobile export business is a strategic business segment of the group that adapts to the booming development of China's automobile industry and fully utilizes and exerts its overseas advantages. It consists of 3 subsidiaries including Qingdao Sino Technology Development Co., Ltd., Shandong Tuoan Automobile Service Co., Ltd., and Xinjiang Sino Automobile Service Co., Ltd.
Among them, Qingdao Sino Technology Development Co., Ltd. is an automobile industry company invested and built by Sino Building Materials Group that integrates domestic vehicle source integration, overseas automobile sales agency, and automobile after-sales service. Relying on the group's strong economic strength, professional steel manufacturing background and extensive overseas warehouse layout, it has established domestic and foreign agents or overseas distribution authorizations with many domestic automobile brands.
For batch EV orders, the company can make appointments with OEM and give priority to assembling production vehicles to achieve stable and priority supply. Shandong Tuoan Automobile Service Co., Ltd., a subsidiary of the group, has been successfully shortlisted for the "Used Car Pilot Export Enterprise" list. It has successfully built a comprehensive service platform for Tuoan Automobile Export and Foreign Trade and actively integrated industry resource advantages. At the same time, with the help of the original international logistics platform, we have reached cooperation in international shipping, Central Asia and Central Europe truck transportation, and block trains. In 2022, Kyrgyzstan overseas companies were registered, actively going global, and arranging overseas warehouses for automobile exports. The opening up of automobile export tracks has laid a solid foundation for the development of new products in Sino Steel