Sok Group Co. is poised to become the first Russian auto maker to enter the Chinese market when it kicks off its $200 million joint venture to produce inexpensive vehicles for China’s middle-class families. Sok, Russia’s third-largest auto maker, reportedly has organized a team to market test concepts in 20 Chinese cities. The auto maker, known in Russia for its Izh and Roslada vehicles, plans to develop new types of vehicles for the Chinese market, likely priced at about RMB80,000 ...
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