May 15 (SeeNews) - Serbia's government said Chinese bus manufacturer Higer Bus has expressed interest in the joint production of buses with Serbian sector player Ikarbus.
The buses manufactured by the two companies would be exported to the Western Balkans, the Serbian government said in a statement on Sunday.
You can download the 2023 Automotive industry in Southeast Europe report here
The Serbian government is ready to subsidise the partnership, which has good prospects as the market of the Western Balkans is expected to grow, Serbian prime minister Aleksandar Vucic said after a meeting with the managers of the Chinese company in Beijing.
In April, Serbian public broadcaster Radio Televizija Srbije (RTS) said Chinese bus maker Yinlong placed a 10 million euro ($10.9 million) bid for the purchase of a 51% stake in Ikarbus and committed to investing additional 30 million euro in the company.
In February, the Belgrade city authorities said that urban transport company GSP signed 8.5 million euro agreement for the delivery of 30 low-entry buses with Ikarbus. The bus maker owes 14 million euro to banks.
($ = 0.9140 euro)