Unison, China’s ZOTYE sign $560m deal to produce 30,000 electric cars in Belarus
11 June 2018
MINSK - Belarus-based Unison JV and China’s ZOTYE International Automobile Trading Co., Ltd. have signed an agreement worth $560 million to facilitate assembly production of 30,000 ZOTYE electric cars in Belarus by 2022, with a high share of local content, which will sold exclusively in the CIS market.
The document was signed on June 8 in Qingdao in the framework of the Belarusian president’s visit to China, the Belarusian Embassy in Beijing said in a press-release.
As previously reported, Belarus’ Unison JV plans to launch a new factory and expand the lineup of electric vehicles. By the end of 2018 Unison is expected to launch 5 models of electric vehicles. During the first year, they plan to sell around 5,000-6,000 e-vehicles. Around 10% of that amount will be sold in the domestic market. The first lot of more than 100 electric vehicles has already been sold to state-owned companies and individuals.
Unison JV is Belarus’ only manufacturer of electric vehicles - Zotye E200EV and Zotye Z500EV. Besides, in October they plan to start producing electric crossovers.
Unison is now negotiating the terms of certifying its vehicles in Russia. Unison is the only manufacturer of e-vehicles in the CIS territory.
Founded as a Belarusian-British venture in 1996, Unison was converted into Belarus’ ZAO Unison Joint Venture in 2000. Based in the suburbs of Minsk, Unison specialized in assembling Ford, KIA, Samand cars and minibuses. For the time being, Unison assembles Cadillac, Chevrolet, Zotye vehicles. Now the company is all set to start selling electric vehicles Zotye E200EV and Zotye Z500EV.