BYD Auto Industry Co Ltd (BYD) and Uzavtosanoat JSC (UzAuto) in Uzbekistan signed a strategic Memorandum of Understanding (MoU) to develop, produce and popularise New Energy Vehicles (NEV) in the region. The alliance will also benefit from sustainable development within the automotive industry on a global scale.
The two parties signed the MoU during an online signing ceremony led by Mr Michael Shu, General Manager and Managing Director, BYD Europe and International Cooperation Division and Chairman of the Board, Mr Urmzakov Shavkat, of UzAuto. Representatives from BYD and UzAuto were also in virtual attendance to witness this landmark event. NEV manufacturer BYD has more than 26 years’ experience in battery research and development, and is renowned globally for its pioneering innovations in this field.
BYD NEV manufacturer developes and produces its own powertrain systems, power batteries, automotive semiconductors,drive-motors and motor controller systems. It has already produced one million electric passenger cars. UzAuto is the largest manufacturer in Central Asia to offer a full range of vehicles. UzAuto has a significant market share in Uzbekistan and the neighbouring region and ownes a strong sales and after sales network.