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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).

Russia 284
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Rosatom and EDF Group partner to develop green hydrogen in Russia and Europe

Green Car Congress

Russian Rosatom State Atomic Energy Corporation and the EDF Group signed a strategic cooperation agreement in March 2021 to develop green hydrogen in Russia and Europe. Rosatom’s ambition is to produce and to store decarbonized hydrogen, and take part in pilot projects in Russia and across the world. million customers, 28.1

Russia 338
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Volkswagen Group inaugurates its own engine plant in Russia

Green Car Congress

Following three years of construction, the Volkswagen Group today inaugurated its new engine plant at Kaluga, Russia. liter EA211 gasoline engine—the most modern engine technology of the Volkswagen Group. The annual production capacity of the engine plant will be about 150,000 units. million (US$9.6

Russia 150
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Engineers Say “Nyet” to Doing Business in Russia, Survey Says

Cars That Think

Respondents in Europe were more likely to answer “Yes,” but many engineers at most companies surveyed supported an exit. Some other exceptions, like Instacart , haven’t ever done business in Russia, so the question didn’t really apply.) Exceptions included Meta (formerly Facebook), Spotify , Twitter , and ByteDance (owner of TikTok).

Russia 97
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Russia ponders using EV subsidies to boost the economy and surge local manufacturing

Teslarati

Russia’s Economy Ministry said earlier today that it has plans to utilize subsidy programs to boost the manufacturing and purchase of locally-built electric vehicles. Just 11,000 of the over 45 million vehicles driven in Russia last year were electric, with most being used cars. The incentive program could start as early as 2022.

Russia 142
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Russia, China partner on engine for a long-range wide-body aircraft

Green Car Congress

The United Engine Corporation (UEC, part of Rostec State Corporation) signed a memorandum with the Chinese company AECC Commercial Aircraft Engine Co., The signing of the Memorandum on the development of the engine for the LRWBA is a milestone for the civil aviation of Russia and China.

Russia 150
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Volkswagen Group lays foundation stone for new engine plant in Russia; part of $1.1B investment in Russia over next three years

Green Car Congress

The Volkswagen Group laid the foundation stone for its new engine plant next to the Volkswagen vehicle plant at Kaluga. The engine to be produced at Kaluga in the future will be a 1.6-liter liter gasoline engine from the EA 211 series, representing Volkswagen’s most modern engine technology.

Russia 225