Welcome to the club. The manufacturer of Russian electric vehicles Evolute, along with UAZ, VAZ, Moskvich and GAZ, fell under American sanctions

by alex

Lipetsk company “Motorinvest” was included in the SDN list

Yesterday the United States announced new sanctions against Russia, and today specifics appeared. It turns out that the company «Motorinvest» was included in the so-called SDN list. – manufacturer of domestic electric vehicles Evolute and distributor of Chinese brands Dongfeng and Voyah.

Activation of «Motorinvest» in the SDN list means a ban on any transactions with a sanctioned company for US residents. It is not yet clear how this will affect the company’s activities, but AvtoVAZ representatives complained that the situation with the supply of components had worsened due to sanctions. In particular, Renault stopped supplying them.

Last week Evolute announced a new product – the first hybrid car in its range. This is Evolute i-Space, but in fact – Dongfeng Fengon E5. And for 2024, the company has planned the assembly of four gasoline crossovers at once.

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Recall that on September 14 of this year, the Office of Foreign Assets Control of the US Treasury included AvtoVAZ, Moskvich, GAZ and the Sollers group (produces UAZs) in the SDN list , JAC ST6 pickup truck and Sollers Argo and Atlant commercial trucks).

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