Leading EV manufacturer BYD signed a strategic MoU with Uzbekistan’s UzAuto to manufacture and popularize electric vehicles in the region. A press release from the company says.
In an online signing ceremony, the two parties signed a Memorandum of Understanding (MoU) on 16th February 2022.
Michael Shu, General Manager and Managing Director, BYD Europe and International Cooperation Division, says, “We are delighted to commence this strategic cooperation between our two forward-thinking companies, sharing our likeminded values, objectives and vision for the future, promoting the merits of low-carbon travel in addressing climate change. BYD will provide world-leading technologies and integrated eco-solutions to promote NEV development in Central Asia and beyond.”
Umurzakov Shavkat, Chairman of the Board, UzAuto, says, “Today is an important day for the Uzbekistan automotive industry as it demonstrates our country is moving to a new stage of development. This Memorandum of Understanding with BYD means that UzAuto is ready to take all necessary measures to start the implementation of new energy vehicles. We are looking forward to a successful and mutually beneficial cooperation.”
Furthermore, BYD and UzAuto look forward to the development and production of sustainable electromobility solutions together. The allied project also includes the creation of efficient sales channels and aftersales services.
About the companies
BYD Auto Industry Co Ltd (BYD)
BYD is one of the foremost players in electromobility globally with more than 26 years of experience in battery R&D. Its proprietary lithium iron phosphate (LFP) Blade battery technology is famous in the industry for reliability and safety. BYD is also one of the first manufacturers in the world to produce one million electric passenger cars.
UZAVTOSANOAT JSC (UzAuto)
UzAuto is the largest and only manufacturer in Central Asia to offer a full range of vehicles. Additionally, the company has a longstanding heritage spanning several decades. During this time, it has established an excellent reputation within the industry, achieving a significant market share in Uzbekistan and the neighbouring region. UzAuto has a strong sales and aftersales network as well as gained recognition for outstanding service.