Trax East Rus (formerly Daimler Kamaz Rus)

Trax Vostok Rus (formerly Daimler Kamaz Rus) is a former joint venture between Daimler AG and PJSC Kamaz, in which each of them owned 50% of the shares. The company began its activities in February 2010.

History of informatization

See the main article: Information technologies in the group of companies PJSC "KamAZ"

Performance indicators

2025: Decrease in revenue by 57.4% to 11.1 billion rubles

In February 2026, Trax Vostok Rus (TVR), located in Naberezhnye Chelny, published its financial results for 2025. The company's revenue decreased by 57.4% (2.3 times), amounting to 11.1 billion rubles.

Income from the main product - Compass trucks assembled on the technological platform of the Chinese manufacturer JAC - decreased by 50.7% to 8.7 billion rubles. Revenue from welding and painting services for KamAZ fell by 54.5% to 1.3 billion rubles. The total cost of sales amounted to almost 11.1 billion rubles, as a result, gross profit reached only 44.3 million rubles. At the same time, the company received a net profit of 2.3 billion rubles, which is 29.1% lower than in 2024.

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Фото: Freepik

The total amount of TVR debts decreased by 25.2% to 8.3 billion rubles. Short-term liabilities decreased to 7.4 billion rubles, payables - to 6.8 billion rubles.

The company's reports indicate that from January 1, 2026, the methodology for calculating the localization of vehicles has changed. Compass trucks ceased to fall under state preferential leasing programs. The company plans to obtain new vehicle type approvals (OTTS) with an increased level of localization by April 2026.

The company was created as a joint venture between KamAZ and the German concern Daimler. At the beginning of 2023, KamAZ consolidated 100% of its shares, and later reduced its stake to 49%. A controlling stake of 51% belongs to Hit Motors Rus.

The Compass line includes models with a carrying capacity of 3.5 to 12 tons. According to the Avtostat agency, in 2024 the segment of medium-tonnage trucks in Russia decreased by 44% to 12.2 thousand units. KamAZ's share in this market rose to 28.6%. The most sold in the Compass family were the Compass-9 and Compass-12 models. GAZ remains the leader in the market for medium-tonnage trucks with the result of 4.8 thousand units sold.^[1]

History

2023: KamAZ takes ownership of joint venture with Daimler

KamAZ became the sole owner of a joint venture with Daimler. This became known in mid-January 2023.

The fact that KamAZ consolidated 100% of the shares of DK Rus LLC (manages the assembly and distribution of medium-tonnage trucks Compass"" and the cab frame plant in Naberezhnye Chelny) was reported by Interfax"" with reference to the data of the Unified State Register of Legal Entities (USRUL).

Since 2023, KamAZ has been the sole owner of the joint venture with Daimler

It is noted that the joint venture came under the full control of KamAZ on January 13, 2023. Before that, it was renamed Trax Vostok Rus LLC.

Renaming to Trax Vostok Rus does not affect relations with customers, suppliers and partners of the distributor of medium-tonnage trucks Compass, the press service of the joint venture noted (quoted by the press service of Kommersant).

Before the start of the special operation RUSSIAN FEDERATION To Ukraine , DK Rus imported trucks and special equipment, Mercedes-Benz as well as Fuso medium-tonnages, which were assembled in a large-knot way at a plant in Naberezhnye Chelny. Production began with the Compass-9 (gross weight up to 9.5 tons) and Compass-12 (up to 12 tons) models. It was planned to expand the line with the Compass-3 (up to 3.5 tons) and Compass-5 (up to 6 tons) models, increasing localization.

Although Daimler left the joint venture with the Russian automaker, the company continues to own 15% of KamAZ itself. According to the general director of KamAZ Sergei Kogogin, the German automaker refused to participate in its management and became a "sleeping shareholder."

By January 2023, American blocking sanctions against the Russian automaker and its subsidiaries are in effect against KamAZ. According to experts, restrictions can make it difficult for KamAZ to access imported spare parts even from China, as well as the export process. Chinese companies are extremely cautious about creating a joint venture with sanctions officials due to the threat of secondary sanctions.^[2]

Notes