You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

China's Alfa Bus mulls investment in Bulgaria - econ min

China's Alfa Bus mulls investment in Bulgaria - econ min Photo: Bulgarian Ministry of Economy/ All rights reserved.

SOFIA (Bulgaria), August 30 (SeeNews) - Chinese electric bus manufacturer Alfa Bus is studying the Bulgarian market in relation to its interest to build a plant for assembly of electric buses and production of batteries for them in the EU member state, Bulgaria's economy ministry said on Friday. 

Alfa Bus, which is the only Chinese electric bus manufacturer awarded an EU certificate for all of their components, aims to find a niche market in Bulgaria as well as in other member states of the EU, the economy ministry said in a press release following a meeting between economy minister Emil Karanikolov and members of the executive board of the company.

The two parties discussed in detail the opportunities for cooperation, potential investment and institutional support from the Bulgarian state, the ministry saod.

Jiangsu-based Alfa Bus, established in 2000, produces intercity buses, electric city buses as well as bus rapid transit (BRT) systems and is cooperating with industrial and commercial vehicle manufacturers such as Iveco, Hino and Scania, according to information published on its website.

The company's activities also include manufacturing of spare electric bus parts, LMO batteries and electric motors, the ministry's statement read.