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
The signing of the special investment contract is part of Great Wall Motor’s strategic plan to speed up localised production in Russia, according to Zhang Junxue, vice-president of the carmaker.
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