President approved the agreement to establish the production of hybrid and electric cars in Uzbekistan jointly with China’s BYD. The plan aims for 50,000 units by 2024 and 500,000 in the future through a complete knock-down (CKD) approach. The expected investments amount to $160 million.
BYD, which in collaboration with Uzavtosanoat initiated the assembly of hybrid and electric vehicles in Uzbekistan, asked the government to limit the “disordered” influx of electric cars. The company cited concerns that imported models are not suitable for the local climate and road conditions.
The assembly of Renault’s cars in Uzbekistan has been put on hold due to delivery issues from Russia and other countries, said the Uzbek Ambassador to France, Sardor Rustambayev. He stated that efforts are currently underway to “restore the disrupted supply chains.”
Uzbek President proposed to build a car plant in Syrdarya region jointly with partners from China. “The more car plants, the lower the price will be, and the quality will also improve,” said Shavkat Mirziyoyev. In Syrdarya, businesses will also take part in building roads.
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