Lifan will invest $ 150 million in the construction of the plant in the Kaluga region

Chinese automaker Lifan will invest $ 150 million in the construction of a plant in the Kaluga region, ITAR-TASS reported with reference to the publication of “Beijing Qingnian Bao”.

According to the plan of the company, initially planned to produce tens of thousands of cars a year, with the possibility of a gradual increase in production to 100 thousand.

Lifan is cooperating with Russia’s first private company in the field of automotive vehicle assembly - Derways (LLC “AK Derveis”). In 2007, at the plant in the Karachay-Cherkess Republic began assembling cars models Breez, Solano, Smily and X60.

By the end of 2013 the volume of export sales Lifan was $ 850 million. Company supplies cars to Asia, Africa, South America and Europe. Foreign production capacity Lifan are in Iran, Iraq, Ethiopia and Uruguay.

22 August 2014

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