South Korea’s Caris has signed a 3-year, $850 million deal with Dnipro’s Yuzhmash to produce 5,000 electric buses and 7,800 charging stations

South Korea’s Caris has signed a 3-year, $850 million deal with Dnipro’s Yuzhmash to produce 5,000 electric buses and 7,800 charging stations, the Ukrainian machine building plant reports on Facebook. The two companies agreed to localize production in Dnipro, to exchange licensing agreements, and to jointly promote exports of Dnipro-made equipment to the EU. Noting that Caris already is building plastic highway guardrails in Ukraine, Caris Chairman Yu Chhol said of the new venture: “We are very happy to continue cooperation with Ukraine.”