Beiben Trucks Group Co, a Baotou-based truck manufacturer, marked 160 percent of growth in its export volume to Mongolia, according to a Dec 10 Baotou Daily report.

Mongolia is one of the company's core foreign trade markets for Beiben Trucks Group Co. So far, the company has signed contracts for more than 600 trucks with Mongolia in 2018, a year-on-year growth of 160 percent. More than 500 trucks have been delivered to Mongolia, representing a year-on-year growth of 130 percent. The value of goods reached 140 million yuan ($20.28 million).

Funded by seven companies including China North Industries Group, China North Industries Corporation, and Inner Mongolia First Machinery Group, Beiben Trucks Group Co is a Baotou-based truck manufacturer with total assets of 15.3 billion yuan ($2.2 billion).

Heavy-duty trucks are readied for dispatch at the assembly line of a Beiben Trucks Group Co’s manufacturing unit. [Photo provided to chinadaily.com.cn]