Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

KamAZ - Hawtai Joint Venture
September 8, 2015 09:43


“KamAZ” (a part of the “Rostech” state corporation) and the Chinese “Hawtai Motor Group Co.”, Beijing, have signed a framework agreement on the establishment of a joint venture (JV) for the production and sales of “KamAZ” trucks in China and Hawtai motor cars in Russia.

This is stated in the message of the Russian company. The production of motor cars under the Hawtai brand will be organized in Russia on the premises of “KamAZ”. In order to produce Russian trucks in China, it is planned to build a new plant in Tianjin.

The sales will be carried out by using the advantages of each other’s distribution networks, as the message notes. “KamAZ” will add its capacities in Russia, its truck production technologies and managerial resources to the charter capital of the joint venture.

Hawtai Motor Group Co, in its turn, will provide the joint venture with technologies, engineering developments and its knowledge in the production of passenger cars. According to the General Director of “KamAZ” Sergey Kogogin, the agreement is aimed at the support of the Russian automaker’s long-term strategy to diversify the sales and to develop new fast-growing markets.

He noted that the goal of “KamAZ” was to sell up to 50 thousand cars per year on the Chinese market. “Using the advantages of “KamAZ” in the cargo sector and our technologies in the production of motor cars, Hawtai Motor Group Co. will expand its business in the passenger sector in Russia. Both companies will benefit from this cooperation” - the Chairman of the Board of Directors of Hawtai Motor Group Co. Zhang Xu Gen stated.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

Development Of The Platinum Deposit In Zimbabwe Mercedes-Benz Cars Will Be Produced In Russia Torch Bearer of Russian Culture. To 110th Anniversary of Dmitry Likhachov Spinners Influenced Russian Imports It is Proposed to Start Selling Alcohol Online from January 1, 2019

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
Russian business  The Netherlands  Moscow  Russian Cinema  Russian Animation  Russian Avant-Garde  Svetogorsk  Concerts in Saint Petersburg  VTB Group  Igor Sechin  Hermitage Museum  Russian Literature  Concerts in Moscow  Museum "Made in the USSR"   Russian post service  Yukos  Boris Strugatsky  Museums of Russia  Mercedes-Benz Fashion Week Russia  Andrey Zvyagintsev  Recycling  Architecture Monuments  Exhibitions in Moscow  Russian history  Transportation  Aerospace Industry  FC Terek Grozny  Lunarium  Edward Snowden  Staroe Shaigovo  Rostov-on-Don  Ilya Glazunov  poll  Galina Ulanova  Dolls  Russian people  Anzhi Makhachkala  school  Bukva-Grad  Painting  New Cities  Russian tourism  Get lucky  Taganka Theatre  Smolensk  Auctions in Moscow  Garage  Archeology  protest actions  Roman Abramovich 

Travel Blogs
Top Traveling Sites