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BYD, UzAuto sign strategic MoU to develop new energy vehicles in Central Asia

MoU signing ceremony between BYD and UzAuto. (Source: BYD Europe)

BYD Auto Industry Co Ltd (BYD) has announced the signing of a strategic MoU with Uzbek automaker UzAuto to develop, produce and popularize New Energy Vehicles (NEV) in Central Asian region. The alliance also aims to benefit sustainable development within the automotive industry on a global scale, the company said in a statement.

Michael Shu, General Manager and Managing Director, BYD Europe, and International Cooperation Division, said, "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", he added. BYD is the only NEV producer to have developed its powertrain systems, power batteries, automotive semiconductors, drive motors, and motor controller systems. It is also one of the first manufacturers in the world to produce one million electric passenger cars.

"Today is an important day for the Uzbekistan automotive industry as it demonstrates our country is moving to a new stage of development", said Umurzakov Shavkat, Chairman of the Board, UzAuto. "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 successful and mutually beneficial cooperation."

UzAuto is the largest and only manufacturer in Central Asia to offer a full range of vehicles. The company has a longstanding heritage with an excellent reputation, achieving a significant market share in Uzbekistan and the neighboring region with a strong sales and service network.

Shavcat added, "New energy vehicles are rapidly gaining popularity in the world. Production and delivering environmentally friendly and safe cars to our customers is strategically important for us. In this regard, we are very pleased and interested in establishing cooperation with BYD."

BYD and UzAuto are looking forward to developing and producing sustainable and practical NEV solutions, along with safety, performance, and efficiency credentials, the statement said, with the MoU laying foundations for the mass rollout of such vehicles, supported via efficient sales channels and aftersales services.

Author : Dhiyanesh Ravichandran
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