BAKU, Azerbaijan, May 20. Kazakh Astana Motors, has signed an agreement with China's Automotive Engineering Corporation for the supply of high-tech equipment for their new multi-brand factory, Trend reports.
The relevant document was signed as part of a round table with representatives of the Chinese business community in Xi'an, according to Astana Motors.
The multi-brand plant will receive a total investment of over $250 million, with a significant portion of $110 million allocated for the acquisition of high-tech equipment.
Welding and painting equipment, robots, and conveyor lines are intended for the production of 90,000 cars per year, of which 60 percent will be exported to CIS [Commonwealth of Independent States]. Initially, this will include nine models from leading Chinese automotive brands such as Chery, Haval, and Changan.
In addition to Automotive Engineering Corporation, the new plant will also receive equipment from other renowned global companies, including Siemens, ABB, Omron, Fanuc, and others.
The construction of the multi-brand plant in Almaty is scheduled to be completed in the fourth quarter of 2024. The pilot production of cars is expected to commence in the first quarter of 2025.