BISHKEK, Kyrgyzstan, April 26. China's Kashgar Jiabo Technology company plans to launch automobile production in Kyrgyzstan's Naryn region, Trend reports.
According to the regional administration, investors held negotiations with the head of the region, Altynbek Ergeshov, and a tripartite memorandum was signed for the construction of a car assembly plant following the discussions. Altynbek Ergeshov, the CEO of Jiabo, Huang Yongqi, and the head of Kyrgyz Post, Marat Cherikchiev, were signatories to the document.
The plant's launch is expected to provide employment for 100 to 1000 local residents, producing vehicles powered by gasoline, gas, and electric cars. Suitable locations for construction are currently being considered, including options in Kochkor, Naryn, and At-Bashy.
The specific car models to be manufactured remain undisclosed. A special working group will be set up on this issue.
Meanwhile, earlier in April, Kyrgyzstan's President Sadyr Zhaparov signed a law, according to which green license plates will be issued for electric cars in the country.