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EEU hits vehicle makers with revised rates
Carmakers with assembly plants in Russia, Kazakhstan and Belarus are now unable to export finished vehicles duty free within the Eurasian Economic Union (EEU), because the localisation rate has increased. Previously, almost all Russian carmakers, as well as those foreign carmakers with plants in the region, were registered on the ...
Geely joint venture opens biggest car plant in Belarus
BelGee, a joint venture between the government of Belarus and Chinese carmaker Geely, has just opened the biggest vehicle assembly plant in Belarus. Total production capacity at the plant in Borisov will eventually be around 120,000 vehicles a year. Output will be gradually ramped up, it was revealed at the ...