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MOSCOW — Russian firm Automotive Applied sciences introduced it had began assembling Citroen C5 Aircross fashions in batches at a plant south of Moscow previously owned by Stellantis, with the vehicles set to be bought in dealerships from Could.
Reuters solely reported in February, citing customs information and two folks conversant in the matter, that Automotive Applied sciences had imported at the least 42 automobile kits from China for assembling Citroen fashions on the plant.
Manufactured in China, the kits had been produced by China’s Dongfeng Motor Group, the info confirmed.
Stellantis reiterated its response to Reuters in February, that it had concluded since Dec. 31, 2023, that it had “misplaced management of its entities in Russia.”
“On March 27, batch meeting of Citroen C5 Aircross crossovers began on the manufacturing unit in Kaluga,” Automotive Applied sciences mentioned in a press release. “The vehicles will arrive within the salons of official Citroen sellers in Could 2024, but it surely’s attainable to guide a automobile as quickly as April.”
The developments spotlight the shortage of management Western corporations have over their manufacturers after suspending Russian operations or leaving the nation since Moscow’s February 2022 invasion of Ukraine, and show Moscow’s rising dependence on Beijing, significantly within the automobile business.
In February, Stellantis mentioned it acknowledged a lack of 144 million euros ($155.75 million) from dropping its Russian operations, together with 87 million euros of money and money equivalents.
Chinese language commerce information for 2023 exhibits that exports of vehicles to Russia had been nearly seven instances greater than in 2022, with the worth of these exports leaping by nearly $10 billion.
Dongfeng and Stellantis, the world’s third-largest automaker by income, function a industrial three way partnership in China, by way of which Dongfeng can construct and promote Stellantis vehicles in China.
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