China's Biulu opens vehicle warehouse in Belarus managed by operator for shipments to Russia

MOSCOW. Jan 28 (Interfax) - The Chinese automobile exporter Biulu (Chongqing Biulu Automotive Technology Co., Ltd) has opened a consignment warehouse in Belarus for storing Chinese, European and other vehicles for subsequent deliveries to Russia and CIS countries, the company's press service said.

The warehouse, covering 5,000 square meters and with a capacity of 400 vehicles per month, is located near Minsk and is managed by the Russian operator Terminal A (Xinhua Automotive Rus LLC). According to the Unified State Register of Legal Entities, the company was registered in Moscow in May 2024 with a charter capital of around 500 million rubles. The operator is responsible for all stages of vehicle distribution, from client interactions to customs clearance and delivery to both individual and corporate buyers.

"The opening of a consignment warehouse for Russia is an important step in strengthening business ties between China and Russia. We aim to provide the Russian market with a wide selection of vehicles, fast delivery times and a stable and reliable payment system. Our Russian strategic partner, Terminal A, will handle vehicle sales to clients in Russia and CIS countries," Biulu CEO Maggie Li was quoted as saying by the press service.

The Russian operator's primary goal is to supply dealers with the necessary number of vehicles "on favorable terms, including through a preferential recycling fee rate," Terminal A's CEO Yuri Ten said. "In effect, we are offering auto dealers the opportunity to sell cars on a commission basis without using their own operational funds," Biulu's press service quoted Ten as saying.

Sber is Terminal A's partner in organizing the delivery of vehicles from abroad. At the end of last year, Sber said that it was integrating its fintech and AI solutions into the company's service. "Sber ensures transaction security through a letter of credit and assumes the obligation to pay the supplier only after confirming each stage of delivery - from production and transportation to customs clearance and vehicle handover. This minimizes financial risks for Russian clients of Terminal A and allows them to purchase more vehicles for stock or specific clients while optimizing costs," the bank said in mid-November.