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Uzbekistan to launch production of South Korean electric vehicles

Uzbekistan Materials 9 November 2021 14:58 (UTC +04:00)

BAKU, Azerbaijan, Nov 9

By Natavan Rzayeva - Trend:

Uzbekistan plans to launch production of South Korean electric vehicles in the Bukhara region, Trend reports referring to the Liberal Democratic Party of Uzbekistan.

The South Korean partner will be Songuo Mobility Innovation, which develops innovative electric vehicles.

The total cost of the plant, which will produce up to 30,000 cars yearly, will amount to $1.2 billion.

As a result of the negotiations, the parties reached an agreement on the start of pre-project preparation and the supply of high-tech equipment.

It is unknown what kind of car models are planned to be produced in the country, because most of the cars developed by Songuo Mobility Innovation are focused on the South Korean market and are unlikely to take root in Uzbekistan.

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