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$80mln needed to assemble Chinese cars in Sverdlovsk Region

Chinese cars will be assembled on the basis of the Avtomobili i Motory Urala (Cars and engines of Ural) Company in 2007. Appropriate agreements with the Geely and Zhongxing Companies have already been reached during the November visit of Ural delegation to China. By initial estimate, about 80mln will be invested into the project’s realization, China and Ural investing an equal amount.
According to Uralinformburo Agency, it is planned to produce three automobile models of economy class together with Geely in Novouralsk: CK, MK, and FC. About 300 cars should be assembled in the first quarter; 17,000 – till the end of 2006. Assemblage of Landmark Jeeps to be established together with Zhongxing will start with the production of 4,000 jeeps. The number should be increased up to 7,000 in 2008. During the first year, the cars will be assembled from entirely Chinese parts; parts made in Russia will be used, too, since the second half of 2008. After production will have reached up to 25,000 cars annually, the Novouralsk-based plant will receive the status of an industrial zone enjoying tax and custom privileges.
Besides Yekaterinburg, the Chinese cars priced from $11,000 to $13,000 and jeeps starting at $20,000 are going be sold in Moscow, St. Petersburg, Chelyabinsk, Novosibirsk, and the Volga River region.
At present, one more Ural-Chinese project on joint assemblage of minivans is being discussed. It could be realized by either Avtomobili i Motory Urala or the Irbitskiy Motozavod Company.

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