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August 28 – September 3, 2017

Car production plan for 2018 would either derail or become warehouse stock

The situation has not changed

According to the government forecast for 2018, industrial production in Belarus should increase by 3.6%, which would be facilitated by an increase in the production of cars to 25 000 units. In September 2017, the new Geely plant is expected to be launched. In January – July 2017, 1,600 cars were produced in Belarus. The car production forecast is unlikely to materialise due to the lack of high demand for such cars on the Russian market (in January – July 2017, only 1300 Geely cars were sold on the Russian market). Even if the Belarusian government envisages the renewal of the public car park in state bodies with Geely cars, the performance of Belshina and the manufacturer of batteries is unlikely to improve, since the share of domestic components is negligible. Due to high competition, Belarus is unlikely to sell 25,000 Geely cars in 2018 on foreign markets, hence, she is likely to revise the production plan or to increase car warehouse stocks.

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