Jun 29, 2024 06:05 PM
BUSINESS
BYD’s Uzbekistan Plant Begins Mass Production of Plug-In Hybrids
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A BYD Song Plus DM-i SUV on display at an auto show in Shenzhen in June 2023. Photo: IC Photo
What’s new: The first batch of plug-in hybrids has rolled off the assembly line at BYD Co. Ltd.’s new plant in Uzbekistan, the company said Thursday, marking the Chinese electric vehicle (EV) giant’s latest step to expand into Central Asia.
The BYD Song Plus DM-i SUV is the first model to be mass produced at the plant in Jizzakh, the company said in a social media post. The facility is expected to have an initial annual production capacity of 50,000 units, which will be primarily sold in the Central Asian market, it said.
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- BYD has started producing plug-in hybrids at its new plant in Uzbekistan, with an initial capacity of 50,000 units annually.
- The plant, a joint venture with Uzavtosanoat JSC, will initially manufacture the BYD Song Plus DM-i SUV and BYD Chazor.
- BYD has expanded aggressively overseas, exporting nearly 98,000 passenger cars in Q1 2024 and planning a factory in Hungary.
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Who’s Who
- BYD Co. Ltd.
- BYD Co. Ltd. is a Chinese electric vehicle giant that has begun producing plug-in hybrids at its new plant in Uzbekistan. This facility, a joint venture with Uzavtosanoat JSC, has an initial annual capacity of 50,000 units aimed at the Central Asian market. BYD also plans to expand in Europe, having signed a land deal for a factory in Hungary and opened a showroom in Paris. The company exported nearly 98,000 passenger cars in Q1 2024.
- Uzavtosanoat JSC
- Uzavtosanoat JSC is a local automotive giant in Uzbekistan. The company has partnered with Chinese electric vehicle manufacturer BYD Co. Ltd. to produce vehicles, including the BYD Song Plus DM-i SUV and BYD Chazor, at a new plant in Jizzakh. The joint venture was established in December 2022.
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What Happened When
- December 2022：
- BYD signed a joint venture with Uzavtosanoat JSC.
- March 2023：
- BYD entered the Uzbek market, introducing two hybrid models and one all-electric model.
- January 2024：
- BYD established 10 official sales and service centers in Uzbekistan.
- February 2024：
- BYD signed a preliminary land purchase deal to build its first European electric passenger car factory in Szeged, Hungary.
- Early June 2024：
- BYD opened a flagship showroom in Paris and started scouting locations to refit old auto factories in France and Germany.
- June 27, 2024：
- The first batch of plug-in hybrids rolled off the assembly line at BYD’s new plant in Uzbekistan.
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