BYD, the world’s leading manufacturer of new energy vehicles, has signed a Investment Agreement with the Ministry of Investment, Industry and Trade (MIIT) of the Republic of Uzbekistan. The Agreement supports BYD’s joint venture with Uzavtosanoat JSC (UzAuto) in NEV manufacturing.
The joint venture company "BYD Uzbekistan Factory" was established by BYD and UzAuto in December 2022, dedicated to the production of new energy vehicles under the BYD brand and related automobile parts. Production will commence in Jizzakh in 2024, starting with two best-selling BYD PHEV models, the BYD CHAZOR and the BYD SONG PLUS DM-i.
Mr. Wang Chuanfu, Chairman and President of BYD and the delegation visited the BYD Uzbekistan Factory plant in the Jizzakh region
Under the agreement, the parties agreed to organise the full production cycle of BYD cars in Uzbekistan, including the welding, painting and assembly processes. In addition, the joint venture will invest in emplyoees’ skills and knowledge improvement. The agreement also provides the joint venture the right to export BYD vehicles that are manufactured in Uzbekistan, to Central Asian countries.
The signing ceremony took place on 26th September at the MIIT in Uzbekistan’s capital Tashkent led by Jamshid Abduxakimovich Khojaev, Deputy Prime Minister of Uzbekistan, with Wang Chuanfu, Chairman and President of BYD, Michael Shu, Managing Director of BYD Europe and Ivan Cao, Deputy General Director of BYD Central Asia LLC.
From left: Mr. Rustamov Olimhon Bakiyevich, Deputy Minister of Investment, Industry and Trade of Uzbekistan; Mr Rozukulov Ulugbek, Chairman of the Board, UzAuto; Mr. Wang Chuanfu, Chairman and President of BYD; Mr. Michael Shu, Managing Director of BYD Europe
It marks an exciting new chapter of electric car innovation in Uzbekistan, a country where the government is actively promoting green and low-carbon transformation, recognising the advantages of new energy vehicles to reduce emissions and become less dependent on traditional energy resources.
BYD introduced its new energy passenger cars to consumers in Uzbekistan in March 2023, in a debut range that premiered 3 models.The BYD CHAZOR (a streamlined compact sedan) and the BYD SONG PLUS DM-i (C-segment SUV) both benefit from BYD’s super hybrid technologies, delivering extensive range and ultra-low fuel consumption. The third model is the BYD HAN, a full-electric flagship executive sedan. Since the launch, BYD has delivered more than 5,000 vehicles to customers in Uzbekistan and opened 7 official sales and service centers in Uzbekistan.
Mr. Michael Shu, Managing Director, BYD Europe, said: “The signing of this Investment Agreement is a momentous occasion for BYD and for the future of the automobile in Uzbekistan. We are proud that our joint venture with UzAuto has gained support and commitment from the Uzbekistan Government, and we share their dedication and enthusiasm in empowering new energy vehicles to reduce carbon emissions. BYD hopes to bring world-leading NEV technologies to Uzbekistan, and in association with UzAuto, we look forward to delivering the leading NEVs products and services to the customers.”
Jamshid Abduxakimovich Khojaev, Deputy Prime Minister of Uzbekistan, stated that Uzbekistan is deeply interested in the joint project and assured BYD representatives about his readiness to provide them full support in this direction.
With over 28 years’ experience in battery research and development, BYD is a brand with global recognition for its pioneering innovations in this field. As the world’s No.1 NEV brand, BYD has delivered more than 5.4 million new energy vehicles globally as of September 2023, which is equivalent to reducing over 40 million tonnes of carbon emissions, underlining its vision of "Cool The Earth By 1°C”. BYD has now become a top 10 car brand worldwide, operating in 400 cities across 70 countries and regions on six continents.