Investment
BYD builds factory in Ukraine with production capacity of 300,000 vehicles
Seetao 2023-09-28 16:50
  • BYD's Uzbekistan plant will be the first joint venture outside China for the world leader in electric vehicles
  • BYD localizes parts and components to reduce production costs, which benefits from the industrial technological achievements of Uzbekistan's automobile industry and Uzbekistan's investment attractiveness.
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BYD will be committed to providing Uzbekistan with green, efficient and convenient public transportation solutions and building cloud rail lines as soon as possible to further meet the transportation needs of the city's main lines, branch lines and tourist routes. Help urban upgrades and provide people with an efficient and convenient travel experience. BYD adheres to the independent research and development route and masters the core technologies of the entire industry chain such as rail drive, motor, electronic control, body, chassis, bogie, and track beam. It can independently complete the construction of complete vehicles, tracks, stations, and communication systems.

BYD's Uzbekistan plant will become the first joint venture outside China of a world leader in Chinese electric vehicles, benefiting from the industrial and technological achievements of Uzbekistan's automotive industry and Uzbekistan's investment attractiveness.

BYD signed the "Investment Agreement for the Production of Electric and Hybrid Vehicles and Their Components in Uzbekistan." The agreement shows that BYD will establish a joint venture BYD Uzbekistan factory with Uzbekistan's state-controlled automobile group Uzavtosanoat JSC to produce electric and hybrid vehicles. The planned output of the first and second phases of the investment project is 50,000 vehicles/year. After the completion of the third phase, the output will reach 300,000 vehicles/year.

The BYD delegation led by BYD President and Founder Wang Chuanfu was received by Uzbek President Mirziyoyev. The meeting discussed the issue of quickly launching a hybrid and electric vehicle production base in Jizzak Oblast and increasing production capacity to 300,000 vehicles in the subsequent stage. Particular attention was paid to the localization of parts and components to reduce production costs and to organize the export of automobiles to third country markets.

At the end of 2022, UzAuto, a Ukrainian automotive industry company, and BYD officially registered a joint venture in Ukraine to produce and sell BYD's electric and hybrid new energy vehicles locally. The company is BYD's first overseas joint venture and has established a dealer network and after-sales service station in Tashkent. BYD cars produced in Uzbekistan will be further localized, with car systems available in Russian, English and Uzbek, and car purchase prices and after-sales service costs will also be reduced.

Three pioneer stores in Tashkent, the capital of Uzbekistan, will open one after another in March 2023. They are the BYD flagship store and technology museum, the comprehensive large-scale BYD brand experience center and the BYD city showroom, opening the door to BYD's new energy passenger vehicles with consumers. Extraordinary experience.

BYD is one of the leaders in the production of electric vehicles and next-generation batteries, producing up to 2 million vehicles annually. Since 2019, BYD passenger cars have entered countries and regions such as Norway, the Netherlands, Sweden, Germany, France, Australia, Israel, Japan, Thailand, Malaysia, India, Brazil, and Mexico. From January to August 2023, BYD’s cumulative exports The number of cars has reached 117,500, and car factories have been planned in Thailand and Brazil. We are currently exploring the establishment of factories in Europe.

Driven by the initiative of jointly building the Belt and Road Initiative, the economic and trade cooperation between China and Uzbekistan has been constantly improving and upgrading, and the trade volume has doubled. China has become Uzbekistan’s largest trading partner. The form of trade between the two countries is gratifying, and enterprises from the two countries have carried out extensive activities in many fields. Collaborate and continuously achieve new results. Editor/GaoLiMei


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