Chinese electric vehicles company Cenntro Automotive Corporation and its partners from Luxembourg and Bulgaria will invest €10mn in an assembly plant to produce electric utility vehicles in the Thracian economic zone near the city of Plovdiv, daily Dnevnik reported on July 12.
Cenntro has estimated that assembly will start within six months and the plant will employ 150 people.
The plant will assemble small electric utility vehicles with a capacity of 500 kg, which do not need a special charging station and can be plugged directly into the electricity network.
Initially, the parts will be imported to Bulgaria to be assembled, but at a later stage the company is considering starting production of some of the parts in Bulgaria.
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