China's Cenntro Automotive Group to open €10mn electric utility vehicles plant in Bulgaria

By bne IntelliNews July 13, 2018

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.

Related Articles

Bulgaria to skip 2019 Eurovision as state broadcaster cuts costs

Bulgaria’s public broadcaster BNT said on October 15 that it will skip next year’s edition of the Eurovision Song Contest, to ... more

Hundreds of Bulgarians mourn death of investigative journalist amid demands for independent international probe

Hundreds of Bulgarians held mourning vigils on October 8 in Sofia and several other towns to commemorate Victoria Marinova, a 30-year old investigative journalist who was brutally murdered two days ... more

Bulgaria freezes €14mn in probe into top-level corruption in EU funds distribution

The Bulgarian prosecution has frozen €14mn in bank accounts of several companies related to suspected high-level corruption concerning the distribution of EU funds, ... more

Dismiss