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Another Automaker Is Ready To Join The "Spik Club"

A meeting of the Interdepartmental Commission on the conclusion of Special Investment Contracts was held. During the event, a decision was made on the possibility of concluding a SPIC with Xavale Motor Manufacturing Rus for the implementation of the project “Construction of a car factory, including a stamping, welding, painting, assembly, spare parts production” project.

The company has committed itself to investing more than 42 billion rubles in the creation of automobile production in the SUV segment with deep localization of key components such as the engine, gearbox, electronic components and car control systems. I note that the amount of taxes planned to be paid as part of the project will be more than 90 billion rubles, and the number of jobs created will reach 877. The project fully complies with the goals and objectives of the Strategy for the development of the automotive industry of the Russian Federation for the period up to 2025, as well as the requirements of the Government Resolution No. 719

- stressed the Minister of Industry and Trade of the Russian Federation Denis Manturov .

Recall that earlier the opening of the Xavale plant took place within the framework of the signed tripartite cooperation agreement in the implementation of the investment project "Construction of a car manufacturing plant, including a stamping, welding, painting, assembly, spare parts production" in the Tula region between the Government of the Tula region, Tula Regional Public-Private Partnership Development Corporation Open Joint-Stock Company, Great Wall Motor Company Limited.

 

 

 

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