Lavrov comments on Syrian de-escalation zone agreementRussian Politics & Diplomacy July 24, 20:15
Iraq calls for closer cooperation with RussiaWorld July 24, 19:09
Russia develops laser-guided automatic landing system for dronesMilitary & Defense July 24, 18:22
Communist propaganda ban not aiming to dismantle Soviet WWII memorials, vows Polish envoyWorld July 24, 18:16
Situation with Siemens won’t affect Russian companies — energy ministerBusiness & Economy July 24, 18:11
Russian energy minister says oil prices may grow in 2017Business & Economy July 24, 17:31
Putin fills in Normandy Four on Russia’s approaches to key Minsk accord provisionsRussian Politics & Diplomacy July 24, 16:57
Normandy Four leaders call for ceasefire in DonbassWorld July 24, 16:29
Archstoyanie: Russia's largest land art festivalSociety & Culture July 24, 16:08
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.