China's vehicle maker, Great Wall Motor Co and Bulgaria's Litex Motors will start production in the plant in the town of Lovech, Northern Bulgaria, in 2011, Litex Motors said.
Great Wall Motor Company, one of China's biggest automotive manufacturers, signed a joint venture (JV) deal with Bulgarian diversified holding company Litex Commerce in the presence of Chinese Vice President Xi Jinping and Bulgarian Prime Minister Boyko Borisov on October 15.
The plant will have an annual production...
UK investment fund Quorus Ventures will open Bulgaria's first factory for electric cars by the end of 2010.
This has been announced by Encho Enev, a Bulgarian consultant to the British investor, as cited by Darik Radio.
The plant will be opened in the southern Bulgarian city of Stara Zagora. The precise sum of the investment has not been specified but it is expected to be at least several million euro plus funding from EU programs.
The intention of Quorus Ventures to build an electric...
Chinese car parts manufacturer KSM Dongfang is going to purchase machines and equipment for EUR 1.8 M from the Ilinden factory located in Bulgaria’s Pleven.
The deal between the KSM Castings Dongfang located in Changchun in Northeastern China and the Bulgarian company from Pleven was signed in the presence of Bulgarian Economy Minister Traicho Traikov, who is on an official trip to China.
The KSM Castings Dongfang is part of the German-owned KSM Castings Group, and produces parts for...