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Chinese made electric tricycles spark global interest at Canton Fair

China

China

China

Chinese made electric tricycles spark global interest at Canton Fair

2024-10-17 17:31 Last Updated At:10-18 00:37

Electric tricycles are capturing the attention of international buyers at the ongoing 136th China Import and Export Fair, highlighting a growing shift towards sustainable transportation solutions.

The event, commonly known as Canton Fair, kicked off on Tuesday in Guangzhou, the provincial capital of Guangdong Province in south China.

Held in three phases between Oct 15 and Nov 4, the fair features 55 exhibition areas covering 1.55 million square meters.

The first phase of the fair, which spans five days, showcases five main themes across 19 exhibition areas, including electronic appliances, industrial manufacturing, lighting and electrical goods, hardware tools, regular vehicles and two-wheeled vehicles.

About 147,000 overseas buyers have pre-registered for the fair, showing their high enthusiasm for the event and strong interest in latest Chinese technologies and products.

Since its opening, the exhibition area dedicated to new energy vehicles (NEVs) and smart transportation has drawn numerous international buyers, particularly for electric tricycles, which have become increasingly popular due to the global emphasis on green mobility.

"The vehicle is very trendy, and I have already took a test drive off it. And, it is so interesting and sporty inside. At the same time, the vehicle is very stable, so I like this car and I already ordered 52 units," said a purchaser from Nepal.

Electric tricycles, known for their convenience, efficiency, eco-friendliness and cost-effectiveness, are emerging as favorites in the international market, particularly in sunny and congested urban areas where they meet short-distance travel needs.

"Country like Italy now they are looking for [a] new way to have a transportation of people and more cheaper. And we [do] not have much taxi. This can solve the problem with a cheap price [and it's] easy to handle," said an Italian purchaser.

In response to the rising demand for NEVs and electric trikes, many exhibitors have introduced innovative products at the fair.

"At each Canton Fair, new clients and returning visitors share their local needs with us. We then transform those requests into actual products and here have brought them to this year's event," said Mou Jing, an exhibitor.

As a vital platform for Chinese enterprises eager to expand globally, Canton Fair has become the preferred venue for launching new products, enabling them to secure orders from international buyers.

"Our electric mobility products cater to more than just individual customers; we have successfully forged numerous partnerships with companies in the industry," said Xing Hongyan, another exhibitor.

Launched in 1957, Canton Fair is the China's oldest and largest trade fair. Held every spring and autumn in Guangzhou, it is seen as a significant barometer of China's foreign trade.

Chinese made electric tricycles spark global interest at Canton Fair

Chinese made electric tricycles spark global interest at Canton Fair

Chinese made electric tricycles spark global interest at Canton Fair

Chinese made electric tricycles spark global interest at Canton Fair

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 8 pips to 7.0014 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan weakens to 7.0014 against USD Wednesday

Chinese yuan weakens to 7.0014 against USD Wednesday

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