China's largest automotive logistics service provider Anji Automotive Logistics has clinched an agreement with Japan's shipping power NYK to set upAnji NYK Automotive Logistics Company with an investment of about CNY 40 million (USD 1 = CNY 8.27).
The automotive logistics company is an affiliated firm of Shanghai Automotive Industry Sales Corporation. This new firm is the first professional automotive logistics joint venture inChina, according to sources.
Vehicle production volume is increasing and prices are decreasing at the moment, how to control and reduce logistics costs is a critical factor for maintaining edges in the market. …