Changan Corporation will construct an EV production factory in Georgia (the east European country that is, not the US state). 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 (EU).
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By GlobalDataThe information was released by the Prime Minister of Georgia, Mamuka Bakhtadze, on 6 April at a presentation of the first industrial business group – Aigroup.
The 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 in a comprehensive manner.
In addition, the holding is responsible for the car sharing concept, installation of electric chargers and solar energy panels in the capital of Georgia, Tbilisi.
A memorandum of understanding was signed a few days ago between Aigroup and the Changan Corporation, which is of Chinese origin with a track record of 157 years in the industry.
The memorandum will lead to the production of the first electric cars under a Georgian trademark, which will be released by the end of the year.
The Prime Minister stated that from 2020, Georgia will be able to supply the market with electric cars. Several countries had expressed keen interest in hosting the enterprise and Georgia had to beat strong competition.
The Head of Government of Georgia thanked the decision-makers and contributors to the initiative for choosing Georgia and added that it is planned to manufacture four types of electric cars, ones that will be affordable to citizens of Georgia.
“It is a national idea…which will always be funded with a quarter of the State Budget in Georgia, targeting youth, education and a knowledge-based economy. And we are presenting a project which is a specific example and assurance of making Georgia successful in the 21st century,” Bakhtadze said.
The PM noted that while environmental problems exist in the country, the authorities have a plan to combat the challenges and make Georgia a leader in terms of the Green Economy concept, presented by him in July 2018.
“The Green Economy concept will be a driving force of the national economy. I have always claimed and wish to repeat that Georgia has two assets: firstly, our people and secondly, our unique nature. We have to preserve our nature for future generations and make it sustainable for their benefit,” he said.
President of Georgia Salome Zurabishvili and Mayor of Tbilisi Kakha Kaladze also attended the presentation.
The Mayor explained the Car Sharing concept whereby electric cars will be located on different streets of Tbilisi and by using a special application, people can use the cars and then leave them at any location.
Kaladze also presented solar panels, which will be located on the streets, for charging the electric cars.
“Today, the world is developing in the direction of green energy and, of course, our country must be no exception. We are implementing a very important project and anyone in the near future will have the opportunity to use these electric cars,” said the Mayor.
