Putin proposes extending term of Russia's Central Bank chiefBusiness & Economy March 22, 21:49
Mayor says investigation into London attack is underwayWorld March 22, 21:16
Ukrainian radicals urge Poroshenko to nationalize Russian banks’ subsidiariesBusiness & Economy March 22, 20:51
Peru is back on 2018 Dakar Rally track alongside with Bolivia, ArgentinaSport March 22, 20:08
Three dead, twenty injured in London attack — policeWorld March 22, 19:59
Stadium in Russia's Dagestan to be named after pole-vault queen IsinbayevaSport March 22, 19:19
Top pilots to fly Su-30SM jets over Moscow on Victory DayMilitary & Defense March 22, 18:53
Russian design bureau ready to integrate BrahMos missiles into frigates for Indian NavyMilitary & Defense March 22, 18:50
London police say they are treating Westminster incident as terrorismWorld March 22, 18:45
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.