Price for Belarus-assembled Geely announced

Price for Belarus-assembled Geely announced

Vice-Premier of Belarus Vladimir Semashko has announced the price of the BelGee cars of Belarusian assembly. Such cars will cost $17,000-25,000. Speaking about the prospects, the deputy prime minister said: "It will be difficult. Not easy. But we set the task to sell about 25,000 cars in 2018 and then keep adding 10,000."

Semashko noted that consultations are currently underway to increase the warranty period for the car from four to five years.

In addition, the Deputy Prime Minister spoke about the preferential terms of lending promised by Belarus' leadership. According to Semashko, they have already been developed, and by Monday the draft document will be sent to the Presidential Administration. He announced preferential loans for seven years with an initial installment of about 10% of the original price of the car.

The Belarusian-Chinese SZAO BelGee, which produces Geely cars, was established in 2011. The shareholders of BelGee are BelAZ (51.49%), Zhejang Jirun Automobile Co., Ltd (33.47%), SoyuzAvtoTekhnologii (9.01%) and CITIC International Investment Limited (6.03% ).

In March 2015, the parties began the construction of a factory to assemble CKD car kits. The enterprise is located between the Belarusian towns of Borisov and Zhodino and covers an area of ​​about 120 hectares. The design capacity at the first stage is 60,000 cars a year. Now the localization of car assembly is 30%, but by the end of 2018 this figure should be increased to 52%.