Avtotor can make its cars cheaper
The Avtotor company and the Chinese Shanhai Nuoang Automobile Technology Co. signed a cooperation agreement. This will make it possible to create several enterprises in the Kaliningrad region for the production of auto components for both traditional cars and electric vehicles. And a high percentage of localization of any vehicles means that they will become more accessible to end users.
This important event took place during the days of the Russian-Chinese business forum, which was held in Shanghai. Recall that the start of production of various auto components and electric cars is one of the obligations of Avtotor under the current ten-year investment contract concluded with the Ministry of Industry and Trade of the Russian Federation and the government of the Kaliningrad Region.
Various spare parts and assemblies will be used both to increase the percentage of localization of already produced models, and to prepare for the production of electric trains. In addition, it is planned to supply spare parts to other Russian manufacturers.
The launch of the first stage of capacities for machining and assembly of electric motors is expected before the end of 2023. The second stage, which includes the commissioning of full-cycle equipment for the manufacture of castings, is scheduled for 2024.
Subscribe to the channel “Auto View”: