The production of electric buses will begin in Ukraine

The State Space Agency of Ukraine, the South Machine-Building Plant and the South Korean company Caris signed a memorandum of cooperation, Hromadske reports.

The agreement provides for the production of 5,000 electric buses and 7,800 charging stations in the amount of UAH 23 billion.

The parties adopted a program of joint actions to localize the production of electric buses and charging stations, exchange license agreements and technologies, planned joint participation in exhibitions, and discussed the possibilities and potential of exporting electric buses to Europe.

“Yuzhmash for a long time was not busy enough and was in a difficult economic situation, but was able to fully maintain the efficiency and effectiveness of the engineering enterprise. Cooperation with Caris will allow not only financially improving the enterprise, but also preserving the scientific and technical potential, reviving large civil engineering, which for many years remained one of the key areas of the plant’s activities, ”said Yuzhmash CEO Serhii Vojt.

The South Korean Caris Corporation has enterprises in many countries of the world, construction, logistics companies, the production of innovative materials and components for road construction and traffic safety, as well as an R&D center that has patented innovative technologies for the production of polymer and superhard materials used in power engineering, industrial electronics and mechanical engineering.

Caris is already conducting road infrastructure development projects in Ukraine. Earlier it was reported that in Germany launched buses, which use hydrogen fuel produced by a garbage power plant.

Tags: The Cabinet of Ministers, contracts, renewable energy, legislation, electricity, Top management, energy market, Asia, electricity market, foreign affairs, investments, investors, Ukraine, agreement, ecology, decarbonisation, renewable transport, energy sector, Kyiv, Buslavets, The Ministry of Energy, power grid, supplier, consumers

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