Chinese Engine Manufacturer Enters Russian Market

26 Feb, 2025

Chinese Engine Manufacturer Enters Russian Market

The developer and manufacturer of power equipment Alfa Balt Engineering and Chinese engine producer Yuchai plan to establish a joint venture to produce diesel and gas generators in St Petersburg, Vedomosti reports, citing two sources familiar with the negotiations. The investment in the project is expected to be around 5 billion roubles.

The initial focus of the enterprise will be on manufacturing diesel generator units for facilities in the fuel and energy sector, and eventually also for shipbuilding, the sources said. According to one of them, a potential production site for the joint venture being considered is in Shushary, which is part of the St Petersburg Special Economic Zone (SEZ). The enterprise is planned to be launched between 2028 and 2030.

Chinese Engine Manufacturer Enters Russian Market

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