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.
Presidents of Uzbekistan and China signed a joint statement as an outcome of a summit in Beijing that declared an “all-weather” comprehensive strategic partnership.
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