Chinese Company Intends To Launch Car Assembly Plant In Uzbekistan
Date
6/23/2024 7:36:23 AM
(MENAFN- AzerNews)
By Alimat Aliyeva
The Chinese company China Xiaou Group plans to open a car
assembly plant in the Ferghana region of Uzbekistan, the press
service of the khokimiyat (administration) of the region reports,
Azernews reports.
According to the information, during the visit of the delegation
of the khokimiyat, an agreement was signed on the establishment of
an enterprise worth $ 1.5 billion.
It is reported that the document was signed by Khokim of the
Fergana region Khairullo Bozorov and the head of China Xiaou Group
Huang He.
At the first stage of the project, $50 million will be invested
in the creation of assembly and painting lines for cars.
It is planned that the annual production volume will be 60 thousand
cars and electric vehicles.
In the second and third stages, the investor intends to invest
$350 million and $1.1 billion, respectively. This will allow to
localize production and increase the output of cars to 100 thousand
units per year.
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