The Chinese truck maker has announced it will sell about 1 million trucks in the U.L.G.S.(Long-haul logistics system) program, the country’s largest and most ambitious logistics program.
The U.N. program is a key plank of President Xi Jinping’s “Great Leap Forward” policy.
The program aims to bring together China, India and South Korea as the world’s largest importers of goods and services.
“We’re very proud to have such a strong relationship with the U,L.S.,” Zhang said in a statement.
“This is the first time in our history that we have entered into a contract with a U.W. partner.
This is very positive news for U.l.G., which is one of the most important components of the global logistics network.”
In February, Chinese President Xi has promised to boost trade with the United States and India.
He said the two countries would boost their trade in the next decade by $100 billion.
U.F.T.S., the U .
L.B.S.’s logistics arm, said in March it would sell more of its trucks to India in the L.G.-U.L.-U.(long-haul) program.
Zhang said the company would make more than 50,000 vehicles with U.U.S.-made parts and parts made in the United Kingdom and South Africa.
“The U. l.
S. program will help us to build a global logistics chain that will bring our global trade to a higher level,” Zhang said.
The company said it would spend more than $4 billion on the project.