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Indiaexportnews.com

Chinese automaker rolls out new SUV from Russia's Tula plant

  18.06.2019    

China's Great Wall Motor, which has opened a plant in Tula, 100 miles south of Moscow, to manufacture its Haval brand of SUVs, has rolled out the first - the Haval F7 - from its Russian production line in the presence of President Xi Jinping and President Vladimir Putin, according to Shipping Gazette.
As Russia's largest industrial project and China's first full-process overseas plant, the factory plays an integral role in Russia's ambition to become the world's fifth largest economy by 2024, as well as in China's Belt and Road initiative.
The Haval F7 is the first vehicle mass-produced in the factory. Haval showcased the F7 and H9 to both leaders, and President Xi expressed overwhelming encouragement for the company's Russian market strategy.
Founder and chairman of Great Wall Motor, Wei Jianjun said: "Haval's factory marks a milestone in China's transition into an export powerhouse and pioneers a global approach for the auto industry. Automakers should invest in developing local economies to successfully deliver China's technological and manufacturing innovations to the world."
The US$500 million Tula factory will boost Russia's economic development, generating over CNY3 billion (US$342.8 million) in local profits and taxes and creating 4,000 jobs. Haval plans to export products from the factory to Kazakhstan, Azerbaijan, Moldova and Kyrgyzstan.



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