Xiamen Qin Loan, one of China's leading automotive manufacturers, has entered into a Memorandum of Understanding with the Hambantota International Ports Group.
This is a preliminary agreement that will pave the way for the establishment of a bus assembly plant in Sri Lanka.
The Hambantota International Ports Group states that this is a direct result of the investment promotion program launched in Fujian by the Sri Lanka Ambassador to China Dr. Palitha Kohona and the Hambantota International Ports Group Promotion Team
According to the MoU, the construction of a vehicle assembly plant at the Hambantota International Port Group Industrial Estate is being considered, said Shan Min, Vice President, Kinlon Motor Vehicle Group.
Founded in 1988, Kin Lone Motor Co. manufactures large and medium sized buses, lorries and vans.
QinLon products are exported to 140 countries around the world and are one of the 10 largest bus manufacturers in China.