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"JAC
Motors looks at Bulgaria as an entry point to the European
markets for the electric-powered cars and buses it is
manufacturing," the ministry said in a statement.
The Black Sea state, the European Union's poorest member, is
hungry for new, sustainable foreign investment after a real
estate bubble burst during the financial crisis in 2009.
During a meeting with Bulgarian senior state officials, JAC
Motors' representatives said the company - based in Hefei city
in the central Chinese province of Anhui - could in future
consider establishing assembling operations in Bulgaria using
locally manufactured components.
Bulgaria's location on the southeastern edge of Europe, near
Turkey and bordering Romania, as well as low taxes and labor
costs, are helping to attract investment in car parts
production.
(Reporting by Angel Krasimirov; Editing by Mark Potter)
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