Plants for the components production for electric cars will appear in Russia

New plants for the production of components for electric cars and hydrogen cars will begin to be built in Russia by 2024, Deputy Minister of Industry and Trade, Alexander Morozov, said in an interview. “There will be a plant for the production of fuel cells, a plant for the production of power electronics, a plant for the production of battery cells. This is what we currently lack ...

By 2024, we must conclude special investment contracts with investors. This means that the factories will begin to be built, private investors will assume the corresponding obligations in the face of the state,” he said. Mr. Morozov explained that now an important document for the industry is being prepared for the release - on the implementation of the program for the development of components. It will formulate the rules of state support for private companies investing in the creation of factories for the production of high-tech components.

In addition, state-owned companies are also showing interest. In particular, Rosatom sees itself as an investor in the production of hydrogen fuel cells and storage batteries, Gazprom - an investor in the production of hydrogen purification, oil companies - in the production of hydrogen. In general, according to the Deputy Minister, the previously approved concept for the development of electric transport in the Russian Federation until 2030 will contribute to the development of these innovative industries in the country.