en.globes.co.il

Egged and CRRC JV to import and sell buses in Israel

CRRC logoCRRC
Sig2.80Sen+2.60Env0.00Soc0.00Gov-1.30

Egged Group and Belilios Group’s Auto Chen Mobility formed a joint venture with China’s CRRC to import, market and sell buses in Israel, aiming for a full long-term operation around CRRC products. The partners will also work with CRRC to develop other markets and activities in European countries. CRRC has faced pressure from the US and Israel’s National Security Council to reduce Chinese involvement in critical infrastructure, and consortia tied to it did not win Israel’s Green and Purple Line tenders.

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