Between Iran and Russia: A Route for New Energy Facilities?

The Chinese company Jilin Jingguan Electric Co., Ltd., listed on the Shenzhen Stock Exchange, signed a memorandum of understanding today, Wednesday, to build a route for constructing new energy facilities between Iran and Russia. The company stated, after signing the memorandum with the Russian Chamber of Commerce and Industry in the Middle East, that "the total length of the route is expected to be 3,500 kilometers." The company plans to build 70 light storage and charging stations valued at 1.4 billion yuan, and 3,400 charging facilities valued at 68 billion yuan (approximately 9.8 billion dollars).