BISHKEK, Kyrgyzstan, December 8. China Hi-Tech New Energy Auto Company, a subsidiary of Sinomach Corporation specializing in electric vehicle production, expresses interest in establishing an assembly line in Kyrgyzstan, Trend reports.
This declaration was made by the Chinese side during a meeting with Kyrgyzstan's Minister of Economy and Commerce, Daniyar Amangeldiev.
During the conversation, the minister reminded the Chinese side that Kyrgyzstan had exported 6,861 cars since the beginning of the year, providing a chance for the Chinese company to explore opening assembly manufacturing and dealership networks in Kyrgyzstan.
Furthermore, the minister emphasized Kyrgyzstan's unique tax rules, providing the company with a 5-year tax exemption. There is also the possibility of duty-free importation of electric car parts, among other benefits.
China Hi-Tech New Energy Auto Company primarily engages in electric vehicle manufacturing, research and development, sales, as well as overall planning and design of electric vehicle plants and equipment supply. Cars, buses, trucks, vans, pickups, special-purpose vehicles, construction machinery, engines, and other vehicles are all part of the company's operations.