Deepway signs distribution agreement in Oman

Core Insights - Deepway Technology Company, a Chinese manufacturer of new energy heavy trucks, has signed a distribution agreement in Oman, marking its second distribution deal in the Middle East [1][2] Group 1: Market Expansion - The distribution agreement was signed with local dealer group Top Autos LLC in Muscat, Oman, as part of the company's strategy to enhance its overseas expansion [1] - This new deal aims to create a "complementary north-south presence" in the Gulf region, strengthening sales and service coverage [2] Group 2: Product Offering - Deepway's trucks are designed for long-distance haulage, emphasizing high energy efficiency and suitability for extreme heat operating conditions prevalent in the region [2] Group 3: Alignment with Local Policies - The entry into the Omani market aligns with the government's target for 35% of new vehicle sales to be electric by 2030, supporting the transition to a low carbon economy [3]