Business news from Ukraine

Business news from Ukraine

BYD plant in Uzbekistan produces first cars

The President of Uzbekistan visited the BYD Uzbekistan Factory in the Jizzakh region and signed the first cars that rolled off the assembly line.

This is the first stage of a $160 million project. The plant currently produces two models of the brand’s cars. Theannual production capacity of the first stage is50 thousand units.

Thesecond stage of the $300 million project is expected to increase production to 200 thousand electric vehicles per year (in 2027-2028), 350 thousand in 2028-2029, and the third stage of the $500 million project will increase productionto500 thousand electric vehicles (starting in 2030).

For reference: In January-May 2024, Uzbekistan produced a total of 162,608 units of cars. Source – UzAUTO.

The joint venture has been provided with modern industrial infrastructure and nearly 2 km of railway tracks have been laid. The plant has modern equipment and robotic systems from China. The production process is automated. A laboratory for high-precision inspection of the geometric dimensions of electric vehicles has been set up.

As the number of electric vehicles increases, the level of localization is expected to gradually increase. First of all, the production of bumpers, glass, lacquered and plastic parts will be launched. In the future, it is planned to produce batteries, electric motors, aluminum parts, tires and seats.

In the future, the plant plans to export electric vehicles to Kazakhstan, Kyrgyzstan, Turkmenistan, Afghanistan, and Azerbaijan.

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