“The agreement envisages construction of a plant for manufacturing cars under Haval brand. The plant will embrace metal press-room, the shops of welding, painting and assembling, as well as car part production,” the press service said, adding, “The designed output capacity is 150,000 cars a year.”
The new plant is expected to be located in the Uzlovaya industrial park.
The investment project is scheduled to be launched already in 2014. The plant will be commissioned in 2017. Its output capacity will achieve the designated level in 2020.
The Great Wall Motor Company Limited is China’s largest carmaker, which embraces more than 30 subsidiaries involved in the production of cars, trucks, and buses, as well as scientific research and design activities. The holding is in the list of China’s 500 biggest companies.