Forest fires in Siberia swell four times to cover 30,000 hectaresWorld May 26, 9:45
Seoul pins hopes on Moscow in resolving tensions on Korean PeninsulaWorld May 26, 9:14
Space technologies offer glimpse at Tsar Ivan the Terrible’s rare portraitSociety & Culture May 26, 8:05
Meteorologists name world’s deadliest cyclones, tornadoes and hailstormsWorld May 26, 7:51
Most Americans view Russia as unfriendly country — surveySociety & Culture May 26, 7:35
Trump yet to determine his stance on anti-Russian sanctionsWorld May 26, 6:29
Russia ensuring rights of workers at FIFA World Cup construction sitesSport May 26, 3:08
Russian emergencies minister arrives in flood-hit southern RussiaWorld May 26, 2:56
NATO to join anti-IS coalition but unlikely to engage in combatWorld May 26, 0:23
BEIJNIG, August 22. /ITAR-TASS/. China's Lifan car manufacturer will invest $150 million to build a production facility in central Russia's Kaluga region, the newspaper Beijing Qingnian Bao reported on Friday.
"The company will manufacture several dozen thousand cars a year with potential increase to 100,000," the newspaper cited a company representative as saying.
Lifan has been cooperating with Russia's first private automaker Derways located in Cherkessk, North Caucasus which began to assemble such Chinese models as Breez, Solano, Smily and X60 in 2007.
The company reported an export revenue of $850 million in 2013, and has been actively marketing its products in Asia, Africa, South America, Europe and Russia. It has production centers in Iran, Iraq, Ethiopia and Uruguay.