On October 24th, representatives of RAM Holding Company in Azerbaijan, Rufat Majidov and Ali Ahadov, visited HIETC to discuss the export of used cars.

During the discussion, the two sides conducted in-depth exchanges on various aspects such as the development of enterprise, the auto supply chain system, and overseas market layout, reaching consensus on several aspects including the export of new energy vehicles and the supply of after-sales service and auto parts. They also determined the first batch of car orders on the spot.

In recent years, due to the "Belt and Road" initiative, bilateral trade between Azerbaijan and China has continued to increase, leading to an improvement in the economy and personal income in Azerbaijan, resulting in a growing demand for imported vehicles. According to data from the Ministry of Commerce, from January to August 2023, Azerbaijan imported a total of 9,640 hybrid cars, a year-on-year increase of 17.4%, with an import value of approximately 220 million U.S. dollars; among them, 803 were pure electric vehicles, a year-on-year increase of 5.8 times, with an import value of approximately 74.14 million U.S. dollars.

Azerbaijan, located at the junction of Europe and Asia, marks the first friendly cooperation between HIETC and RAM Holding Company. This is a great start to broaden the diversification of bilateral economic and trade relations. In the future, HIETC will further contribute wisdom and strength to the joint construction of the "Belt and Road" initiative, broadening the diversification of bilateral economic and trade relations and accelerating the construction of domestic and international dual circulation.