OREANDA-NEWS. Japanese corporation Arai Shoji on November 24th signed an agreement with the government of Primorsky Territory and Tehnoholding "Sumotori" about the organization in the region of production of electric vehicles based on the used cars from Japan. The estimated volume of financing of the project is 500 million rubles, the new production will create more than 100 new jobs, informed the press service of Administration of the Primorsky Territory.

"The fact is that in Japan there were changed some of the requirements for the disposal of cars, and it was appeared the opportunity to take very good cars at almost zero cost, which can be converted into electric cars", - said General Director of Tehnoholding "Sumotori", Vitaly Verkeenko.

According to him, with account of the regime of the Free Port of Vladivostok it is planned to import up to 5 thousand cars per a year and then to export to India, Thailand and partially in the territory of Russia. Electric cars after the conversion are not subjects of customs duties.