16/01/2025
Annual Summary of KEAKA / LOFIK Company’s Electric Vehicle Exports in 2024
---Dedicated to Every Customer Who Follows Us on Facebook
2024 has passed, and China will usher in the Chinese New Year on January 29. Our holiday will begin on January 25 and last until February 7. This holiday is nationwide. At this moment of transition between the old and new years, I (Dale Guan) would like to report to each of our customers on the achievements of our company LOFIK and KEAKA in 2024.
The development of China’s electric vehicle industry is advancing rapidly, with constant innovation. Since the products in this industry—electric vehicles—are more closely related to electronics and technology, their development and updates happen faster and more frequently compared to traditional gasoline-powered cars. It’s like the smartphone in your hand, which undergoes countless updates and upgrades every year.
In this context, understanding and adapting to the changing times becomes especially important. This is not only true for us exporters, but also for buyers. Choosing an electric vehicle brand that is stable and reliable is a very important decision.
As every customer trying to find Chinese suppliers on Facebook has discovered, there are many exporters promoting their companies and selling Chinese cars through Facebook. The majority of these exporters still focus on key markets such as Russia, Kazakhstan, and Uzbekistan. You can confirm this by looking at the types and brands of cars they post. For example, the brands they promote include LIXIANG (IDEAL), DEEPAL, Toyota Corolla, XIAOMI, and so on. These brands are strongly associated with the Russian and Central Asian markets.
However, this leads to the distinctive business characteristics of our company. From the very beginning, our company chose not to engage in the Russian and Central Asian markets. The majority of our employees have extensive experience in foreign trade exports, having worked with other products, especially in sea freight export. To avoid the highly competitive Russian market, we initially chose countries farther away from China as our "first stop." After two years of groundwork in 2022 and 2023, we achieved explosive growth in 2024.
Next, I would like to report our company’s export data for 2024, as of December 31, 2024:
The total number of electric vehicles exported in the year was 194 units.
Exports by country:
126 units to Egypt
35 units to the UAE
12 units to Costa Rica
9 units to Nigeria
10 units to Ethiopia (Djibouti)
2 units to Kazakhstan
Total revenue: $6,685,272 USD
Total net profit: $167,460 USD
We have established long-term and stable partnerships with 4 car dealers in Egypt and have also formed collaborative intentions with two after-sales service centers in Cairo.
Due to our business protection plan, we are unable to disclose their names in this article. However, we have thoroughly studied and understood the import policies of Egypt and other Middle Eastern countries, as well as the preferences of the local market. This will greatly help us in our development and exploration efforts in 2025.
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As a result, we have also offered more flexible payment options for car dealers and long-term individual buyers for future orders. For example, we accept different, more personalized payment methods for different countries:
1. For cars shipped to Jebel Ali, UAE, we will accept the balance payment within 60 days after the goods arrive at the port.
2. For cars shipped to Sokhna Port, Egypt, we will accept the balance payment before the goods arrive at the port or when the ocean bill of lading is released, rather than before leaving the Chinese port. We also support payment in Egyptian pounds.
3. For cars shipped to Aqaba, Jordan, we will accept the balance payment within 40 days after the goods arrive at the port.
4. For cars shipped to Djibouti and Apapa Port, Nigeria, we accept payment via letter of credit.
All of this reflects our strong financial capability and care for our customers. We hope that through the flexible application of payment methods, we can protect our customers' rights and further enhance our business development.
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**Plans for 2025:**
1. We will establish more partnerships in relevant countries, including but not limited to car dealerships, individual distributors, maintenance and after-sales service providers, as well as insurance and financing institutions.
2. We set our sales target for 2025 to export 300 electric vehicles, involving more countries and a wider range of customers.
3. We will provide sales guidance for different types of customers, especially individual distributors—those private dealers who need to start from scratch in understanding Chinese electric vehicles.
4. We will strive to develop more flexible and cost-effective payment methods, offering every customer the opportunity to purchase Chinese electric vehicles.
5. We plan to establish our own car dealerships in key cities, and the acceptable business model will be either sole ownership or partnerships with local entities.
Thank you all for your continued support. In the new year, we will strive to do even better and work hard to benefit the income and sales channels of every partner.
