On June 28, Gasgoo learned from Zotye Auto that it had signed an "Exclusive Agency Agreement" with Algeria's SARL AI Auto on June 25, and conducted in-depth discussions on cooperation and follow-up matters in the Algerian market to achieve win-win cooperation.
According to the agreement, SARL AI Auto is Zotye Auto's exclusive agent dealer in the Algerian automobile market. During the agreement period, the two parties agreed that SARL AI Auto's annual sales volume will be 30,000 vehicles/year, and plans to continue to increase at an annual growth rate of 20%. The models sold will include T300, T500, T600, T700, Z700, Z360 and pickup trucks.
SARL AI Auto will directly establish sales facilities and networks in accordance with network construction requirements, and set up direct sales agencies across the country, or expand the sales network through authorized agents.
At the same time, SARL AI Auto will also undertake the after-sales service of Zotye Auto products and be responsible for the publicity and promotion of the Zotye Auto brand. Zotye Auto promises to assist SARL AI Auto in developing a nationwide distribution network and provide professional training and technical support related to product repair and maintenance to ensure that the cooperation between the two parties can proceed smoothly and jointly promote the prosperity and development of Zotye Auto in the Algerian market.
Looking through Zotye Auto's recent information, this cooperation is not the first time Zotye Auto has gone overseas after it resumed production and operation. As early as October 20, 2022, its T300 overseas version rolled off the production line at the Yongkang production base in Zhejiang.
For the future, Zotye Auto said that it will continue to maintain an attitude of open cooperation, mutual benefit and win-win development with countries and regions around the world, and use the innovative model of "going out" with products, "going in" with culture, and "going up" with brands to achieve an integrated transformation from simply exporting complete vehicles and parts (KD) to exporting complete vehicles, KD parts, brands, culture, R&D, services, manufacturing technology and management technology, providing global consumers with the ultimate travel solutions, while also creating more value, benefits and development opportunities for partners.
