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Renault Group signs agreements to sell Renault Russia and its controlling interest in AVTOVAZ; option to buy back in future

Green Car Congress

The Board of Directors of Renault Group unanimously approved the signing of agreements to sell 100% of Renault Group’s shares in Renault Russia to Moscow City entity and its 67.69% interest in AVTOVAZ to NAMI (the Central Research and Development Automobile and Engine Institute).

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China exports way more automobiles to Russia than anyplace else

Baua Electric

Chinese language automakers exported extra automobiles wholesale to Russia than anyplace else within the first 5 months of this hour, filling a void left by means of international producers exiting the marketplace as a result of the invasion of Ukraine. China exported about 162,000 automobiles to Russia in all of 2022.

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China exports extra automobiles than Japan on gross sales surge to Russia

Baua Electric

The post China exports extra automobiles than Japan on gross sales surge to Russia appeared first on Bauaelectric Auto News. Trade for the likes of Volkswagen and Common Motors has develop into tougher as native competitors roll out a slew of electrical fashions.

Russia 52
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AVTOVAZ trying to work around Renault pull-out

Green Car Congress

The Renault Group suspended its industrial activities in Russia on 23 March ( earlier post ). Regarding its stake in AVTOVAZ, Renault Group said that it is assessing the available options, taking into account the current environment, while acting responsibly towards its 45,000 employees in Russia.

Russia 432
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Volkswagen Group expands presence in Russia with agreements with GAZ

Green Car Congress

The Volkswagen Group and GAZ Group have extended their manufacturing agreement for Volkswagen and ŠKODA models in Russia until 2025. Volkswagen Group Rus and GAZ Group are extending their joint project to produce Volkswagen and ŠKODA cars at Gorky Automobile Plant and are opening up new development opportunities for the brands’ model ranges.

Russia 186
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Automotive sales in Russia in 2015 down 35.7%

Green Car Congress

Sales of new passenger cars and LCVs in Russia decreased by 457% in December 2015, with a 35.7% drop for the entire year, according to figures released by The Automobile Manufacturers Committee of the Association of European Businesses (AEB) in Russia. Expectations for the new year are muted.

Russia 150
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Next-Battery secures strategic relationship with China-based Lvchi Automobile Technology

Green Car Congress

Next-Battery , a start-up developing high energy-density Li-ion battery technology, has secured a strategic relationship with Lvchi Automobile Technology (Shanghai) Co Ltd. The global design, research and development base of Lvchi is located at the Turin engineering center in Italy.