News

JAC Motors mulls e-car production in Bulgaria

Published

June 22, 2016

Comments

comments icon

0

Share

Published:

June 22, 2016

Comments:

comments icon

0

Share

The possibility to build an assembly plant for electric vehicles with locally sourced components is considered by JAC Motors, maker of passenger cars and heavy vehicles. The news was published by Bulgaria’s Ministry of Economy after a meeting with the Chinese company’s officials. JAC sees the Black Sea country as an entry point to European markets for its electric-powered automobiles and buses, according to the press release.

The manufacturer based in Hefei in Anhui province in central China will find partners for cooperation in Bulgaria, where an automotive cluster was established this year, deputy minister Lyuben Petrov said. He stressed the number of companies in the sector has grown significantly and that the country has a tradition in producing electric-powered and other forklift trucks. Bulgarian components are in 80% of cars in the world, he stated.

JAC, or China Anhui Jianghuai Automobile Co. Ltd., was founded in 1964, and listed on the Shanghai Stock Exchange in 2001. The company has said its annual production capacity in facilities throughout the world is over 700,000 complete vehicles and 500,000 engines.

 

Related Articles

bulgaria citi Kozloduy financing nuclear power plant

Bulgaria partners with Citi to secure financing for new nuclear power units in Kozloduy

18 July 2025 - The two sides have initiated a partnership for building units 7 and 8 at the existing 2,000 MW Kozloduy nuclear power plant

bih epbih waste incineration tpp tuzla trial

BiH’s power utility EPBiH cancels waste co-incineration trial in Tuzla coal plant

18 July 2025 - Power utility Elektroprivreda Bosne i Hercegovine aborted a waste co-incineration test at its Tuzla coal power plant

Energy Community marks 20th anniversary as integration pillar for Southeastern Europe

Energy Community marks 20th anniversary as integration pillar for Southeastern Europe

17 July 2025 - The Energy Community Ministerial Council held its annual informal meeting in Athens, where the organization was founded twenty years ago

serbia hungary mvm maneks energotehnika juzna backa elektromontaza

Hungary’s MVM becomes majority owner of two Serbian firms

17 July 2025 - MVM is the dominant producer, distributor, and supplier of electricity and gas in Hungary, while the two firms were privately owned