The Ministry of Industry and Trade of Russia, the Government of Moscow and the manufacturer of electric trucks LLC "ElektromobiliManufecturing Rus" signed a special investment contract. EVM Company undertakes to implement an investment project within 4.5 years.

"The volume of investments within the framework of the SPIC submitted to the project will amount to 286 million rubles, and its implementation will allow the introduction of technologies for the production of environmentally friendly urban vehicles based on traction engines," said Denis Manturov, Deputy Prime Minister and Head of the Ministry of Industry and Trade of Russia.

Electric cars are included in state demand stimulation programs, buyers will be able to receive a subsidy to compensate for part of the costs of purchasing a car. The technical launch of the plant will take place in September this year, the official opening is scheduled for the 4th quarter and the first batch of electric trucks will be released by the end of the year.

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