Derechos | Equipo Nizkor
Chinese car-maker to build $150 million production facility in Russian region
China's Lifan car manufacturer will invest $150 million to build a production facility in central Russia's Kaluga region, the newspaper Beijing Qingnian Bao reported on Friday.
"The company will manufacture several dozen thousand cars a year with potential increase to 100,000," the newspaper cited a company representative as saying.
Lifan has been cooperating with Russia's first private automaker Derways located in Cherkessk, North Caucasus which began to assemble such Chinese models as Breez, Solano, Smily and X60 in 2007.
The company reported an export revenue of $850 million in 2013, and has been actively marketing its products in Asia, Africa, South America, Europe and Russia. It has production centers in Iran, Iraq, Ethiopia and Uruguay.
[Source: Itar Tass, Beijing, 22Aug14]
|This document has been published on 22Aug14 by the Equipo Nizkor and Derechos Human Rights. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.|