An idle Ford plant in Russia will be bought out by a domestic electric vehicle startup

It seems that a buyer was found for the Ford Sollers plant put up for sale in March 2022 in Naberezhnye Chelny. The new owner of an enterprise in Tatarstan may be the Kama electric vehicle startup, created by KamAZ CEO Sergey Kogogin and entrepreneur Ruben Vardanyan.

The EV startup plans to raise $150 million in investments, according to RTVI. Part of this amount, namely $ 20 million, Kama is going to spend on the purchase of a Ford plant that has been idle since 2019, where domestic electric cars will be produced. There they will cook and paint bodies and assemble finished cars, and the plant of the Turkish company Coskunoz in Yelabuga will entrust the stamping of parts.

Among the potential investors of the Kama startup is the state corporation Rosatom, which has already invested about $20 million in a promising project. For the sake of this partner, Kama will allegedly rename its cars to Atom. It also reports on negotiations on cooperation with Kaspersky Lab and Yandex. It is known that investors will receive a 37.5 percent stake in Kama, and the rest will be retained by KamAZ and other co-founders and partners.

It is already known that the Atom lineup will include four cars on an electric platform – two passenger models for private clients, an electric car for taxi services and a commercial truck for delivery services. The maximum speed of these models is expected to be limited to 170 km / h, and the range without recharging will be about 500 km. Prototypes of Atom electric cars will be released in early 2023, and it is planned to start mass production of the car at the end of 2024.

Specifications and other details are still kept secret. It is only reported that their retail value will be a little more than one million rubles.

Source: Trash Box

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