Astana, Kazakhstan, December 19th. Kazakhstan’s Astana Motors LLP and Chinese car manufacturing company Chery International Co., Ltd. have signed a memorandum of cooperation, Trend reported.
The signing ceremony was held after Kazakhstan’s Deputy Prime Minister Roman Skryar visited Hefei, China.
This document provides for the development of strategic cooperation between the above-mentioned Kazakh and Chinese companies in the field of joint construction of an automobile industrial park in the Almaty Industrial Zone.
In addition, the Kazakh delegation visited the production bases of JAC Group (JAC Xingang) and JAC NIO, one of the largest automobile companies in China, as well as the Hefei Economic and Technological Development Zone and the main activities of JAC NIO. I learned about Chinese energy company Sungrow Power Supply Co., Ltd.
Kazakhstan’s trade volume with China in 2022 reached $24.1 billion, an increase of 34.1% from the previous year.
Exports from Kazakhstan increased by 34.7% during the year to $13.2 billion. The share of Kazakhstan’s exports to China accounted for 15.6 percent of the country’s total trade.
The value of imports from China to Kazakhstan increased by 33.5% over the year to $11 billion. China’s share in the composition of imports from the Republic of Kazakhstan reached 21.9%.