Lifan will establish a car factory in Kaluga

Lifan will establish a car factory in Kaluga

RBK – Chinese Lifan is getting ready to establish a car factory in Kaluga Region, with an investment of $150 million. According to JustAuto, an agreement has been signed between the company and the regional administration, concerning the establishment of the factory.

The company has stated that it’s possible to increase the annual production capacity of the factory, which is planned as 30-40,000 vehicles for the first stage, to 100,000 in due course.

Lifan automobiles are currently being manufactured at Derways factory in Russia, which is established in Karachai-Cherkessia Republic. Models such as: Breez, Solano, Smily and X60 are being manufactured at the factory, since 2007.