Russia’s Taganrog Automobile Plant (TagAZ) and BYD Auto were expected to sign a cooperation agreement on Wednesday, according to materials released for the fifth Russian–Chinese business forum on Tuesday.
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TagAZ and BYD Auto plan to assemble the F3 sedan model, TagAZ said earlier.
Established in 1997, Rostov Region-based TagAZ has produced Hyundai models under licence since 2001. Starting in 2008, TagAZ has also assembled several Ssangyong models. It started producing cars under its own brand in 2009.
