€10 Million Investment in a Factory for Electric Cars Near Plovdiv, Bulgaria

€10 million will be invested in Bulgaria by the Chinese manufacturer of electric cars “Cenntro Automotive Corporation” and by “SEVIC eMobility”, announced the SEVIC’s Business Director Emil Yankov. This was reported by Money.bg. The article also says that companies are planning to build a factory for producing electric cars near Plovdiv.

The investment will take place within three years, employing about 300 employees. The famous Chinese “Alibaba” is one of the investors in “Cenntro” and this year will receive nearly 20,000 of the electric cars.

The production of 60% of the parts of the vehicle as well as the construction, will take place in Bulgaria and the cars will be specialized in various B2B needs. The engine will be 10 kW, 1.9 meters high, 3.7 meters in length and 1.4 meters in width. It can hold up to 500 kg and will be able to travel up to 130 with one charge of the battery.

The price of one electric car will be €15,000 or €18,000 depending on the battery type.

Petya Petrova

Petya Petrova is a journalist, believer, and traveler.

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