Hawtai Motor intends to establish a car factory in Russia

Hawtai Motor intends to establish a car factory in Russia

Vedomosti – Officials from Chinese car manufacturer Hawtai Motor have announced their intention to invest $1.1 billion in the establishment of a factory in Russia, with an annual vehicle production capacity of 100,000. The company is on the search for a 100 hectares premises in regions such as; Tatarstan, Karachai-Cherkessia, Samara and Sverdlov, for this purpose.

The ongoing contracted production at Derways factory, established in Cherkessk/Republic of Karachai-Cherkessia, since August has also been mentioned in the company statement. The sales of Hawtai B35 model automobiles, manufactured at Derways, will start this October, according to plans.