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Avtotor can make its cars cheaper

The company Avtotor and the Chinese Shanhai Nuoang Automobile Technology Co. signed a cooperation agreement. This will make it possible to establish several enterprises in the Kaliningrad region for the production of auto parts for both traditional cars and electric vehicles. And a high percentage of localization of all vehicles means they become more accessible to end users.

This significant event took place during the days of the Russian-Chinese Business Forum, which was held in Shanghai. Recall that the start of production of various auto parts and electric cars is one of Avtotor’s obligations under the current ten-year investment contract concluded with the Ministry of Industry and Trade of the Russian Federation and the Government of the Kaliningrad Region.

Various spare parts and assemblies will be used to increase the localization rate of already produced models and to prepare the production of electric trains. In addition, it is planned to supply spare parts to other Russian manufacturers.

The launch of the first phase of electric motor machining and assembly capabilities is expected before the end of 2023. The second phase, which includes the commissioning of full-cycle casting equipment, is scheduled for 2024.

This significant event took place during the days of the Russian-Chinese Business Forum, which was held in Shanghai. Recall that the start of production of various auto parts and electric cars is one of Avtotor’s obligations under the current ten-year investment contract concluded with the Ministry of Industry and Trade of the Russian Federation and the Government of the Kaliningrad Region.

Various spare parts and assemblies will be used to increase the localization rate of already produced models and to prepare the production of electric trains. In addition, it is planned to supply spare parts to other Russian manufacturers.

The launch of the first phase of electric motor machining and assembly capabilities is expected before the end of 2023. The second phase, which includes the commissioning of full-cycle casting equipment, is scheduled for 2024.

Source: Avto Vzglyad

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