KALININGRAD, April 15. /TASS/. The Russian automobile holding Avtotor plans to produce from 80,000 to 100,000 passenger cars in 2024, Chairman of the board of directors of Avtotor, Valery Gorbunov, told reporters.
"In total, the volume [for 2024] we plan to reach is 80,000-100,000 [passenger cars]," Gorbunov said.
In 2024, the company will develop the production of cars of seven brands. Four of them are "already in production," the top executive said.
Speaking about production volumes, Gorbunov clarified that the auto holding’s capacity allows it to produce up to 300,000 cars per year, but everything depends on the demand. For instance, in 2023, the company mastered the production of 17 car models of five new brands and planned to produce 50,000-70,000 cars, but due to the market situation, it adjusted plans and the production volume at the end of the year amounted to 38,000 cars.
About company
The Avtotor company was founded in Kaliningrad, Russia’s westernmost region, in 1994. The enterprise was the first in Russia to launch the production of cars of foreign brands. Since 1997, it has been producing cars of famous world brands. Since then, the plant has produced over 2.5 million cars (more than 200 models of world-famous brands).
Currently, Avtotor produces passenger cars of the following brands: Kaiyi, BAIC, SWM, Forthing, Jetour, and also produces electric cars under its own brand, Amberauto. The company's factories also produce commercial vehicles of the Ambertruck brands and electric vehicles of Brock.
As part of the current special investment contract with Russia’s Industry and Trade Ministry and the government of the Kaliningrad region, the company is implementing a production cluster project in the region consisting of 12 factories for the production of electric vehicles and automotive components. The project’s investments exceed 70 billion rubles ($757mln).