Iron Triangle: Building a Direct Platform for Used Cars in China and Egypt

Iron Triangle: Building a Direct Platform for Used Cars in China and Egypt
A few days ago, China-Africa TEDA Investment Co., Ltd. (referred to as China-Africa TEDA), China Star North Automobile Trading Co., Ltd. (referred to as China Star North), and China Aid Import and Export Group Co., Ltd. (referred to as China Aid Group) reached an agreement that the three parties will cooperate closely. Create a win-win and sustainable partnership. The tripartite cooperation will take the export of second-hand cars as the core, linking vehicle sources, spare parts, maintenance, international logistics, warehousing, security, overseas warehouse exhibition, cross-border e-commerce, financial import and other project cooperation, creating 1 1>3 commercial value.

We know that a pile of sand plus a pile of sand is still a pile of sand; sand plus cement plus water, that is hard and strong concrete. This cooperation between China and Africa TEDA, China Star North and China Aid Group is undoubtedly the latter. Because the main business and areas of expertise of the three parties happen to be complementary.

Corner of TEDA Cooperation Zone

Huaxingbei is the largest automobile service enterprise in Tianjin, and its sales volume accounts for more than 30% of the market share of the brand in Tianjin. As a leading enterprise in Tianjin's auto trade industry, Huixing North has been selected as one of the "Top 100 Enterprises in Tianjin" for many times, and has been listed as one of the "100 Most Influential Brands in Tianjin" for many times. It has won the titles of "Top 50 Automobile Dealers in China", "Top Ten Automobile Marketing Group in China" and "Top 500 Service Enterprises in China. In addition to Audi, Volkswagen, Lexus, Toyota, Hyundai and other joint venture brands and 4S store model sales companies of multiple independent brands, it also has taxi maintenance centers, traffic accident rapid damage determination centers, second-hand car companies, and imported car companies. And car clubs and other formats.

In this cooperation, China Star North mainly provides second-hand car export testing, export license processing, export customs declaration and other services. For this industry giant that has been established for more than 20 years, it can be said that it is familiar with it.

Compared with Huanxing North, China Aid Group, which was established in 2017, looks young. Perhaps because of this, its courage and determination is of great significance in this cooperation. According to the consensus of the three parties, China Aid Group participates in the cooperation with high-quality used car sources, full operation costs and sea freight costs.

TEDA Cooperation Zone TEDA-Royal Bonded Warehouse

China-Africa TEDA is the domestic operator of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone. The TEDA Cooperation Zone has been deeply cultivated in Egypt for more than 10 years and has received the attention and support of the Chinese and Egyptian governments. It is the only national-level overseas economic and trade cooperation zone that has been jointly unveiled by the leaders of China and Egypt twice. It has strong political and business resources and social influence. In 2019, TEDA received special approval from the Egyptian government to become the only Chinese-funded enterprise that can carry out international logistics bonded and general trade and re-export trade in Egypt. In December 2020, TEDA received official approval from the Egyptian General Administration of Customs, allowing the TEDA-Royal bonded warehouse it invested in to engage in the business of empty and heavy container storage and bonded goods storage, and designated Suez Customs for operational jurisdiction and customs supervision. In addition to the success of these "man-made" efforts, the TEDA Cooperation Zone has also ushered in another major benefit: the Egyptian government has decided to ban the import and storage of used cars in Port said and Alexandria in the next two years, and all such businesses will be transferred to the Suez Canal Economic Zone-the area where the TEDA Cooperation Zone is located. The General Administration of the Suez Canal Economic Zone stated that in principle, it will no longer approve other second-hand car import and storage licenses except TEDA within two years.

In addition to having many exclusive advantages, the TEDA cooperation zone, which adheres to China's TEDA high-quality genes, also shows amazing talent in the terminal sales of second-hand cars: a very small team, under the heavy pressure of the Egyptian epidemic, imported 60 surplus second-hand cars in a short period of time, quickly sold 40 surplus, "playing with tickets" to play with professionalism.

In this cooperation, TEDA is mainly responsible for customs clearance, sales and payment collection, and handling these businesses in the pattern of "city operators" is tantamount to killing chickens.

TEDA Cooperation Zone First Used Car Handover

In two-dimensional space, triangles have unparalleled stability. The "Iron Triangle" jointly concluded by China-Africa TEDA, China Star North and China Aid Group has built a basic structure for Chinese second-hand cars to go to Egypt and the world on a small scale. In this structure, capital, technology, service, vision and resources such as brand power are well integrated to form a guarantee to win the market. However, it must be a misunderstanding to think that this "iron triangle" is a closed and fixed combination. In the concept of the three parties, the framework is not solidified and exclusive, but based on the tension of three points, to build a powerful platform, through the early exploration and demonstration, and then attract more like-minded people to join, or the quantitative change of scale, or the accumulation of levels, and finally grow into a three-dimensional rich business group, seek cooperation in international trade of goods, labor export, engineering construction, and international production capacity based on the "China-Egypt used car direct road" to create greater commercial value for the society.

TEDA Cooperation Zone "China Used Cars Exported to Egypt" Business Welcome All walks of life to Join