Chinese Geely Auto automotive firm and the regional administration of Uzbekistan’s Tashkent have signed an funding settlement on the manufacturing of the corporate’s electrical autos within the Uzbek capital
in 2024, Trend experiences.
The signing of the doc adopted a gathering between the governor of the Tashkent area Zoir Mirzaev and the
representatives of Geely Auto.
Tashkent regional administration stated that on the first stage, it’s deliberate to construct an meeting store, after which launch the manufacturing of Chinese electrical autos.
By the tip of 2023, Geely has plans to launch gross sales of its complete mannequin vary in Uzbekistan.
Meanwhile, Uzbekistan and Chinese Anlu International clever know-how firm have been in talks over the transformation of the Uzbek transport sector.
Some different Chinese firms, together with Dongfeng Motor (automotive producer), Luoyang Grasen Power Technology (specializes within the analysis and improvement, manufacture, gross sales, and repair of recent power electrical car charging gear) and Tunghsu Group (primarily develops, manufactures, and sells liquid crystal shows and plasma show panel glass substrates) visited the area to talk about potential future cooperation.
Dongfeng Motor plans opening manufacturing of electrical buses in Uzbekistan, investing $45 million within the venture. The quantity of investments will rise to $50 million in 2025 to localize the manufacturing of batteries and different parts for electrical autos, in addition to manage a upkeep service.
Luoyang Grasen Power Technology firm plans to launch themanufacturing of electrical car chargers in Uzbekistan. Thefirm’s potential funding on this venture is estimated at $30 million.
Source: Businesslend