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Fri 7 Sep 2018 12:45 AM

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Russia's Kalashnikov eyes UAE market for electric bikes, cars

Kalashnikov Concern is set to start supplying electric motorcycles and cars to the UAE under an agreement with Mawarid Holding

Russia's Kalashnikov eyes UAE market for electric bikes, cars

Russia’s Kalashnikov Concern will start supplying electric motorcycles and cars to the UAE under an agreement with Mawarid Holding, it has been reported.

The company's deputy CEO, Olga Boitsova, told Russian News Agency TASS that the deliveries are scheduled this year and in 2019.

She said: "The agreement contemplates first export supplies of electric vehicles produced by Kalashnikov Concern. In particular, these are electric motorcycle UM-1 and electric car UV-4."

It was reported earlier that Kalashnikov had inked a memorandum of cooperation with Mawarid Holding, the manufacturing and investment company based in the UAE.

Kalashnikov Concern is Russia’s largest manufacturer of a wide range of small arms. Civilian products include hunting guns, sport rifles, tools. The corporation exports its arms to more than 20 countries, TASS reported.

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