On June 19, 2025, at the opening ceremony of the 9th China-South Asia Expo held in Kunming, China, The China Intelligent Electric Vehicles (CIEV)/Yunnan MMI Auto Service Co., Ltd. (MMIAUTO), along with Thanaleng Dry Port Sole Co., Ltd., a wholly-owned subsidiary of PTL Group, the largest private enterprise in Laos, and Laos Financial Holding Co., Ltd., officially signed the “Memorandum of Understanding on Cooperation in the Automotive Cross-border Industry Chain Service Platform”. The three parties announced that they would use the bonded warehouse of Thanaleng Dry Port in Laos as the core carrier to integrate logistics, finance, and automotive industry resources, creating an integrated service platform that radiates across Southeast Asia. This will provide comprehensive services including imported vehicle sources, financial support, bonded warehousing, auto parts & after-sales services, etc., to local car dealers in Laos, further promoting in-depth cooperation between China and Laos in the field of automobile import and export.
Kijiao Khaikampitun, Deputy Prime Minister of Laos, made a special trip to listen to the report at the booth of Thanaleng Dry Port Sole Co., Ltd. Wang Chen, Chairman of China Intelligent Electric Vehicles, Geng Chongqing, Vice President, Zhang Hanren, Mr. Viengkhone, Director of Laos PTL Holdings Group, Wang Jifei, President of Laos Financial Holdings Co., Ltd., and other guests jointly attended and witnessed the signing ceremony.
The China Intelligent Electric Vehicles Co., Ltd., headquartered in Shanghai, formerly known as MMIAUTO, which was established in 2017, is one of the first five automotive export pilot enterprises in Yunnan Province approved by the Ministry of Commerce. As a pioneer in the export of new energy vehicles from China, the company positions itself as a global digital automotive trading and service platform. It owns the global automotive retail platform “Xiaomaicheji” and the supply chain platform “Maimiao Yunche”. Currently, it has established branches in more than ten countries and regions including Laos, Thailand, and Dubai. At the same time, it has obtained general agent authorizations from brands such as Jietu, Wuling, SAIC, and Geely Radar in some overseas countries, possessing a comprehensive overseas distribution network and supply chain capabilities.
As a core member of the PTL Group in Laos, The Thanaleng Dry Port Sole Co., Ltd. operates the Vientiane Logistics Park and Thanaleng Dry Port, boasting compliant bonded warehousing facilities and mature customs supervision experience.
The Laos Financial Holding Co., Ltd. will provide cross-border financial solutions tailored for the automotive industry through its licensed financial institution, Lao Financial Leasing Co., Ltd.
This trilateral cooperation will leverage Laos’ position as an important node of the Belt and Road Initiative and a logistics hub for Southeast Asia’s land route, utilizing the strengths of all parties to inject new momentum into China’s automobile exports and Laos’ automotive industry.