Cuba: first direct flight from China to Cuba in Havana landed
Cuba command 719 BYD cars in China for tourist rentals.
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Reuters BEIJING - The Cuban government has ordered 719 BYD Co China cars that will let out to tourists in a case that is a bright spot for Chinese automakers face a weak export market.
BYD, backed by Warren Buffett's Berkshire Hathaway Inc. declined to immediately give a value for the deal, it announced Friday includes several combustion models rather than electric and hybrid vehicles, the automaker is best known for.
But small, the case contrasts with the crisis 13 percent year slide in automotive exports to China from January to May, according to the latest data from the China Association of Automobile Manufacturers.
Chinese car brands like BYD found a small overseas market mainly by selling their cars at low cost in developing countries.
However, this strategy has risks, with CAAM blame falling exports on instability in Russia and other countries, a slowdown in economies dependent on products and evolution of exchange rate policies in some countries of America South and Africa.
Exports remain a very small part of income for Chinese carmakers China exported only 70,800 vehicles in May compared to 1 9 million of total vehicle sales.
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Cuba command 719 BYD cars in China for tourist rentals, Cuba, orders, cars, China.
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