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BELGRADE (Serbia), July 5 (SeeNews) – Chinese bus manufacturer Yin Long Group plans to start producing electric buses at the factory of Serbian peer Ikarbus by the end of this year, general manager Yang Jian has said.
Yin Long intends to hire 200 employees at the factory of Ikarbus and is now working on the technical details of manufacturing process, Jian said in a video file posted on the website of news agency Tanjug on Thursday.
"We have received a new order which will allow us to start the production of vehicles," Jian said.
Yin Long plans to make Ikarbus a strong company and use it as a hub for its future expansion throughout the region, he added.
In March, Dragan Stevanovic, state secretary at Serbia's economy ministry, said Yin Long repaid the outstanding debt of Ikarbus and will take control of the company. Yin Long acquired Ikarbus through its subsidiary Lanzhou Guangdong New Energy Automobile (LGNEA).
Ikarbus operates a factory in Belgrade's urban municipality of Zemun with a manufacturing capacity of 250 vehicles per year. The company currently produces low-floor and articulated city buses, as well as intercity buses.