Chinese Yutong Bus, Bulgarian Litex Motors in partnership talks.

By bne IntelliNews November 22, 2012
Chinese Zhengzhou Yutong Bus Co is exploring opportunities to enter the Bulgarian market in partnership with Bulgarian company Litex Motors, economy minister Delyan Dobrev said. Litex Motors, which already cooperates with another Chinese manufacturer, car maker Great Wall, is in talks with the bus maker for starting production in the country. Yutong Bus manufactures large and medium-sized buses. Earlier this year, the economy minister indicated that further increase in the investment flow from China, which totalled EUR 41mn in 2011, was expected. Other Chinese investors that have expressed interest in the local market are Zhejiang Noblelift Equipment, which produces hand pallet trucks, and venture capital management company NewMargin Ventures.

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