Uzbekistan Plans To Increase Production Of Hybrid, Electric Cars
Date
3/24/2024 9:19:30 AM
(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, March 24. Uzbekistan
plans to establish production of hybrid and electric cars up to
500,000 per year, Trend reports.
President Shavkat Mirziyoyev signed a relevant decree on the
implementation of an investment project for the production of
electric and hybrid cars and their components in Uzbekistan on
March 18.
According to the paper, Uzbekistan plans to raise the level of
localization of these cars by up to 60 percent which is foreseen to
create 10,000 jobs.
The authorities also aim to broaden the list of nations that can
permanently export hybrid and electric vehicles to Uzbekistan, with
the exception of those identified by the Joint Investment
Enterprise.
Consumer protection is a critical consideration: electric vehicles
and hybrids must be of excellent quality, safe, and appropriate for
local weather conditions.
Manufacturers or exporters are also obliged to provide warranty
service.
All automakers in Uzbekistan will have equal conditions,
including receiving benefits and preferences from the state.
Earlier in 2022, Uzavtosanoat and China's BYD Auto agreed to
organize full-cycle car production in Uzbekistan. Prior to that,
the parties had been studying the automobile market.
On December 29, 2022, Uzavtosanoat (60 percent stake) and BYD
Europe B. V. (Netherlands, 40 percent) established a joint venture
BYD Uzbekistan Factory. On September 26, 2023, a project
implementation agreement was signed between the government of
Uzbekistan and the investor. The BYD brand has been officially
introduced in Uzbekistan since the beginning of 2023.
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