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.

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

It said buses could be exported to European markers.