Photo from UNIAN

Ukrainian state company Pivdenmash, or Yuzhmash, a leading producer of rocket boosters, will make 5,000 electric buses for South Korean firm Caris, Ukrainian Prime Minister Denys Shmyhal said on Friday.

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He said the total value of the contract was almost US$850 million and the deal was one of the largest in Ukraine's industrial sector in recent years, as reported by Reuters.

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Pivdenmash separately said it would also produce 7,800 charging stations until 2023.

It said buses could be exported to European markers.