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Yin Lengthy to make e-buses in Serbia, take over Ikarbus | Automotive Trade Information
Chinese language bus producer Yin Lengthy Group plans to start out manufacturing electrical buses on the Serbian Ikarbus manufacturing facility, in line with an area report.
In accordance with SeeNews, the managing director of Ikarbus, Aleksandar Vicentic, mentioned: “Yin Lengthy has severe plans for Ikarbus. It would retain the prevailing manufacturing programme and can broaden it by producing electrical automobiles that it plans to supply to the international locations within the area, after which to the remainder of Europe and the world.”
Final week, Dragan Stevanovic, state secretary on the economic system ministry, mentioned Yin Lengthy Group had repaid Ikarbus’ excellent debt and would quickly take management of the corporate.
Yin Lengthy would purchase Ikarbus by way of its subsidiary Lanzhou Guangdong New Power Vehicle (LGNEA), native broadcaster RTS mentioned.
The Chinese language investor would take management of Ikarbus after the corporate‘s restructuring plan was accepted by the industrial courtroom, Vicentic added.
“Within the first six months after the takeover, I count on the corporate to rent about 100 employees,” he mentioned.
In accordance with the report, Ikarbus operates a manufacturing facility in Belgrade’s city municipality of Zemun with capability for 250 automobiles a 12 months. The corporate at present produces low-floor and articulated metropolis buses, in addition to intercity buses.