Posted on 12 Jul 2022
Russia’s Kaliningrad enterprise Avtotor plans to launch seven new plants in 2023 as part of a special investment contract (SPIC) with the government, the company says.
The facilities will produce mostly electric vehicles and auto components, including well robotic equipment, electric motors, exhaust systems, driver assistance systems, bumpers, seats, and plastic products.
The SPIC between Russia’s Ministry of Industry and Trade and the regional government of the Kaliningrad region was signed in 2019.
Since then, the corresponding investments have exceeded RUB 10 billion ($162 million), Kallanish notes. At the same time, more than RUB 3 billion was allocated for the implementation of projects in 2021. The money was directed to the construction and modernization of various industries and scientific centres, as well as the renewal of engineering networks and roads, the enterprise claims.
Last year, the painting production was also modernized. Preparations were made for the construction of a new painting shop with a capacity of up to 100,000 units/year, plus four new logistics buildings with a total area of 6,000 square meters.
Earlier, the carmaker said it plans to produce 50,000-60,000 EVs annually. Next year, Avtotor should supply at least 200 electric cars.
A full transition to electric vehicles is planned from 2024, and in four years the company intends to produce about 300,000 units.
In total, under the current SPIC, the total investment for the implementation of plans will amount to at least RUB 32 billion over 10 years.
Lithuania has enforced a ban on Russia-origin steel transiting across its territory by rail to the exclave of Kaliningrad, where Avtotor base is, drawing the ire of Russia, which has threatened to retaliate.
Source:Kallanish
