China's largest automobile conglomerate, Dongfeng Motor, has announced its intention to manufacture electric buses in Fergana, as per the statement from the regional government.
Khairullo Bozorov, the governor of the Ferghana region, recently hosted a delegation of investors representing prominent Chinese companies, including Dongfeng Motor, Luoyang Grasen Power Technology, and Tunghsu Group.
The project's initial phase will involve the production of Dongfeng electric buses on a 4-hectare site, funded by $45mn in foreign direct investment. By 2025, an additional $50mn investment is expected to further expand the project. The project's second phase will focus on localizing battery production and other electric vehicle components, along with establishing technical service facilities in the region.
Luoyang Grasen Power Technology, China's leading producer of electric vehicle charging equipment, plans to invest $30mn in the initiative. Meanwhile, Tunghsu Group is prepared to contribute $50mn to the solar panel production project in the region.
The parties have agreed to develop a roadmap outlining the necessary actions for project implementation. Negotiations for these projects are currently taking place in the Furqat district. Furthermore, models of Dongfeng Motor's electric buses have been introduced to the region, allowing officials and stakeholders to assess their technical specifications during a city tour.
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