Chinese private automaker Geely Automobile Holdings Ltd. agrees to stop exporting complete vehicles to Russia soon, and instead, the Geely-branded vehicles will be assembled there.
The company will possibly reach accord with the Circassian plant Derways after the termination of its contract with a Russian agent that is exclusively responsible for Geely products exported to Russia, they added.
For the moment, the agent and Derways are in talks, and they are expected to enter into an agreement soon. According to the talks, the Geely MK, also known as Geely KingKong, will firstly be assembled at Derways from October.
Currently, Zhejiang Geely Holding Group Co., Ltd., parent of Geely Automobile Holdings, is making preparations for the welding production line in China. In the future, it can share an assembly line at Derways with another Chinese automaker Lifan Group.
For the moment, the Lifan Breez, also known as Lifan 520, is being assembled on the line.
Gasgoo: auto parts source
