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Feb 01, 2024 581

BYD launches production at its plant in Uzbekistan

#global

Uzbekistan's president visited BYD's Shenzhen headquarters on January 25, and together with the NEV maker's chairman remotely witnessed the start of production at the plant.

BYD's plant in Uzbekistan has commenced production, marking a significant step to bolster the Chinese NEV maker's global sales. President Shavkat Mirziyoyev of Uzbekistan visited BYD's Shenzhen headquarters on January 25, where he met with Wang Chuanfu, the chairman and president of BYD. Together, they remotely participated in the production launch ceremony at BYD's Uzbekistan plant, witnessing the inaugural vehicle, a Song Plus DM-i, roll off the assembly line.

During the ceremony, Wang Chuanfu presented Mirziyoyev with BYD's 10,000th NEV in Uzbekistan, a Yangwang U8, marking a milestone in BYD's presence in the country. Mirziyoyev expressed his expectation for BYD to ramp up production at the Uzbekistan plant, emphasizing the importance of deepening cooperation between the two entities.

The collaboration between BYD and Uzavtosanoat JSC (UzAuto) has been ongoing since February 2022 when they signed a memorandum of understanding (MOU) to explore the feasibility of co-producing electric passenger cars and electric buses in Uzbekistan. Furthermore, an agreement was reached in December 2022 to establish a joint venture focusing on NEV production and components.

BYD introduced its brand to the Uzbekistan market in March 2023, showcasing three models: the Han EV, Song Plus DM-i, and Chazor DM-i. The company's robust sales performance in 2023, with a record 3,024,417 NEV units sold globally, underscores its growing prominence in the electric vehicle industry. Additionally, BYD's expansion plans include building NEV plants in Thailand, Brazil, and Hungary, alongside efforts to increase exports from China, signaling its commitment to global market penetration and expansion.