Cambodian automobile company WMC expands the import of Chinese brand automobile business

Cambodian automobile company WMC expands the import of Chinese brand automobile business

On the 24th, the Global Automobile Corporation (WMC) held a “New Branch Opening and Strategic Cooperation Signing Ceremony” in the Poussin District and launched a branch in Cambodia.
Global Automotive Corporation (WMC) is the exclusive importer and distributor of automotive brands in Cambodia. WMC President Penang Mann said that opening a branch is part of WMC’s expansion strategy in Cambodia and plans to establish a third branch in Tuol Pongro soon. It is understood that the global auto company also decided to hold a strategic cooperation signing ceremony with business partners representing each brand, including Great Wall Haval, Huatai, Junma Automobile, Huanghai Auto, Kawei, Mustang, Chery, BAIC BAW, to establish distribution channel for them.
WMC’s goal is to expand its business and promote the development of the Cambodian automotive industry by introducing more well-known Chinese automobile brands. After ten years of operation in Cambodia, the company continued to maintain strong growth, and it also received a large number of Chinese investors in China and reached strategic cooperation agreements with many top Chinese brand companies.
Peang said that WMC will continue to develop the automotive industry in Cambodia and will open more branches in various provinces and cities across the country. It also builds a large assembly plant in Polo, imports auto parts from China, assembles at the Cambodia factory, and makes the company more competitive by reducing import costs.
It is reported that WMC’s car price is between 20,000 and 70,000 US dollars, and the warranty period is about five years. Cambodia imports about 6,000 used cars and new cars every month, of which new cars account for about 15% of total imports. Peang revealed that the Cambodian government is considering taxing imported car imports to encourage consumers to buy new cars and help the market flourish. At the same time, the Cambodian government will also announce car import standardization programs, especially used cars, to ensure quality and safety.
At present, there are more than 300 factories in the Poussin District, and about 200,000 workers have become development areas with great potential in Phnom Penh. This also means more customers and business opportunities.

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