MOSCOW, June 5 (Reuters) - Chinese automaker Great Wall Motor has started production at a plant in the Tula region of central Russia with a manufacturing capacity of 80,000 cars a year, the Russian Ministry of Industry and Trade said on Wednesday.
By 2020, the factory’s capacity will almost double to 150,000 cars, the ministry said in a statement.
Total investments in the plant, which the automaker said was “the largest investment project of the Chinese manufacturing industry in Russia”, are estimated at $500 million, Great Wall said in a separate statement.
Great Wall will produce Haval F7 models at the Tula factory.
In 2018 the Chinese firm increased sales in Russia by 70% to 3,213 cars, according to the Automobile Manufacturers Committee of the Association of European Businesses. (Reporting by Gleb Stolyarov; writing by Anton Kolodyazhnyy Editing by Louise Heavens)