Chinese carmaker Haval has signed a special investment contract worth 42.4 billion rubles ($650m) to expand the car plant it opened in Uzlovaya last year and build a components plant to localise the supply of core parts, including engines, transmissions, electronic control modules, and vehicle control systems
Great Wall Motor’s subsidiary, Haval, has become the first Chinese carmaker to sign a special investment contract with the Russian Industry and Trade Ministry. Under the agreement, Haval will invest 42.4 billion rubles ($650m) to expand the car plant it opened in Uzlovaya last year and build a components plant to localise the supply of core parts, including engines, transmissions, electronic control modules, and vehicle control systems.
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