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  Tuesday, July 7, 2020
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Chinese carmaker Great Wall could postpone its plans to construct an automotive plant in Russia
Chinese carmaker Great Wall could postpone its plans to construct an automotive plant in Russia, the company's general director said Friday. Great Wall, China's largest private carmaker and exporter, earlier said it mulled investing $100 million in construction of its own car assembly plant in the Volga republic of Tatarstan. Wang Fenying said the company had submitted construction proposals to Russian authorities and was waiting for the documents to be approved by the government. "However, we still don't have concrete results and the original plans could be delayed," she said. She also said the plant would have an estimated production capacity of 50,000 cars annually and manufacture pick-up trucks and SUVs. The Chinese company has been selling its cars on the Russian market since 2004. It exported to Russia about 9,000 cars in 2005 and 3,800 cars in the first six months of 2006.
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