The two sides signed a strategic cooperation agreement to strengthen cooperation in the development of the automobile industry chain and provide comprehensive logistics solutions for the export of Chinese automobile brands.

Byd has established more than 30 industrial parks around the world, mainly covering electronics, automobiles, new energy and transportation. In the first half of 2024, its overseas sales surged 151% year-on-year.

From January to September this year, COSCO Shipping specialized in transporting 228,000 exported vehicles.

In the third quarter, the company added five large LNG dual-fuel vehicle carriers, further optimizing the fleet structure.