Belarus gets a shot of Chinese investment | beyondbrics

Belarus gets a shot of Chinese investment | beyondbrics:

"

A downturn in new auto sales in Russia this year has not deterred Zheijing Geely Holding. The Chinese car maker has entered an assembly venture in Belarus with the ultimate goal to get closer to the volatile, but promising Russian auto market.

Under an agreement finalised during the visit by Alexander Lukashenko, the president of Belarus, to Beijing last week, Geely will team up with two Belarusian companies to build up to 120,000 vehicles a year.

Assembly lines controlled by the ‘Belgee’ joint venture will soak up about $245m of investment and roll out hatchbacks, sports utility vehicles, crossovers and passenger sedans."

'via Blog this'