Bulgarian company Litex Motors and Chinese car maker Great Wall launched car production at the plant in the central Bulgarian city of Lovech yesterday (Wednesday, February 21), investor.bg reports. The project was started in the fall of 2009 when the two companies signed a cooperation agreement. The first test car was produced in November 2011. The cars, produced at the plant in Lovech, will be sold on the local and the European markets. At present, the number of the employed is more than 120 workers and will reach some 2,000 when the plant starts working at full production capacity of 50,000 cars per year in 2014. In 2012, the companies plan to produce some 2,000 automobiles. The investment in the car-assembling facility is to reach BGN 150-160mn (EUR 77mn – EUR 81.8mn) upon project’s completion in 2017. So far the investments is valued at BGN 55mn and is expected to rise to BGN 65mn upon completion of the first stage (cars assembling).