The Moscow government and PJSC KamAZ have agreed to advance the Moskvich car plant project in Moscow, with a total investment of 5 billion rubles planned for the venture. The agreement, published by the Moscow Mayor’s Office, outlines a financing mechanism where within sixty calendar days from signing the agreement, a funding amount of 5,000,000 rubles will be provided in shares that match each shareholder’s stake in the company’s capital. The arrangement sets clear timing for capital injections and aligns ownership with participation levels across the partnership. The parties will determine the exact schedule and amounts of these allocations before September 1, ensuring that the capital plan reflects evolving project needs and shareholder interests [attribution: Moscow Mayor’s Office].
Alongside the financial framework, the partners have laid out a production plan for the Moskvich plant. The document specifies that Moscow will host an assembly operation using SKD technology. The initial cadence targets at least 600 cars by the end of 2022, with 200 of those equipped with electric motors. For 2023, the plan envisions at least 50,000 units in total, including 10,000 electric models. By 2024, the plant aims to reach no less than 100,000 units, with 20,000 of them being electric. These milestones reflect a phased approach to scaling manufacturing capacity while increasing the share of electric vehicles in the output. As with any long term manufacturing program, progress depends on market conditions, supply chains, and regulatory support in the region [attribution: Moscow Mayor’s Office].
In the context of Moscow’s industrial strategy, the Moskvich project represents a collaboration between city authorities and KamAZ intended to revive a historic automotive brand while expanding the regional manufacturing footprint. The plan emphasizes domestic production with modern propulsion options and a staged buildout designed to adapt to demand and technological developments over time. Stakeholders monitor the implementation closely, balancing capital deployment with production milestones and ongoing market dynamics as public and private roles evolve in tandem [attribution: Moscow Mayor’s Office].