Changan to build EV plant in Georgia
Changan Corporation will construct an EV production factory in Georgia, the the former Soviet Republic in eastern Europe.
Strategic partners of Changan Corporation include Volvo, Volkswagen and Ford.
The production capacity of the plant will be 40,000 cars a year, of which 50% will be designated for the domestic market, while 20,000 cars will be exported to the European Union.
The Aigroup holding, comprising such companies as Aienergy, Aicar, Aipower and Aiproduction, is setting up operations on the Georgian market as the first industrial business group not only in Georgia, but in the Caucasus, and is to launch a variety of eco-friendly projects and investments. A memorandum of understanding was signed a few days ago between Aigroup and the Changan Corporation and will lead to the production of the first electric cars under a Georgian trademark, which will be released by the end of the year.
In addition, Airgroup will be responsible for the electric car sharing service launch, installation of electric chargers and solar energy panels in the capital of Georgia, Tbilisi.