• Sign in
  • 1751972643_633.png 1751972643_245.png 1751959824_218.svg 1751959824_520.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12413.79
    • RUB154.86
    • EUR14468.27
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +32°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Technology

    China boosts Central Asian investments for export and EV market dominance

    China boosts Central Asian investments for export and EV market dominance

    China is actively advancing multiple investment and infrastructure initiatives in Central Asia to enhance its exports to the region and beyond, Erasianet reported.

    Photo: A Chinese-made electric vehicle parked in Tashkent
    Source: Erasianet

    In Uzbekistan, Henan Suda, a Chinese company, has entered into an agreement with Uzbekistan’s Energy Ministry to construct over 50,000 electric vehicle charging stations by 2033, with 2,500 stations expected to be operational by 2024. This move aims to solidify China's presence in Uzbekistan's electric vehicle market, where over 20,000 Chinese electric vehicles were exported in the first 10 months of 2023.

    Kyrgyzstan has approved a $700 mn project for a trade hub in the Chui region, managed by Kyrgyz-Chinese Investment Holding Co. The comprehensive project includes a trade complex, exhibition center, warehouses, bonded trade zones, housing, and hotels. Additionally, plans include the construction of a new border checkpoint, Bedel, along the Chinese frontier in 2024 and a four-lane bridge at the existing Irkeshtam border checkpoint.

    In Kazakhstan, Gezhouba Group Cement Co., a Chinese company, has signed a $220 mn agreement to build a cement plant in the Almaty region. Furthermore, China is contemplating a €110 mn investment in a major hospital project in Kokshetau, northern Kazakhstan. The European Bank for Reconstruction and Development is also considering a similar investment in the 630-bed hospital project, which has an estimated construction cost of €467 mn.

    China has allocated $30 mn to support the production of electric vehicles in Uzbekistan, a move anticipated to generate over 700 jobs and stimulate the local economy. The undertaking will be situated in a free economic zone within the Khorezm region, spearheaded by the Chinese Silk Road Company. Foreign investment will contribute $24 mn to the total project cost.

    The primary markets for the electric vehicles produced are anticipated to be the domestic market and Central Asian countries. With Uzbekistan importing 268 electric vehicles, mainly from China, during the first half of 2021, this initiative is poised to significantly enhance the availability of electric vehicles in the region.

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    30.12.2023, 11:05   Comments (0)   2480
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Chinese company invests $15mn in building materials workshop in Fergana

    01.12.2023, 00:36

    Uzbekistan to replicate Chinese tourism data platform technology

    18.12.2023, 19:40

    Uzbekistan and China unite for joint zoological research center 

    20.12.2023, 18:00

    China’s $30 mn investment sparks EV production in Uzbekistan, creating 700 jobs

    27.12.2023, 17:11

    Chinese BYD to challenge Tesla's dominance in electric vehicle market - Bloomberg

    28.12.2023, 10:36

    Chinese Huawei grows precence in Central Asia's telecom industry 

    28.12.2023, 11:23
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp

     

    Recommended

    Uzbekistan’s foreign trade turnover up 19.9% y/y in 7M25, totaling $44.4bn

    21 August, 15:33

    Uzbekistan’s president announces fresh business support measures at open dialogue with entrepreneurs

    21 August, 09:05

    “Uzbekistan is a country open to the world and discovering the world for itself,” says President Mirziyoyev

    18 August, 15:48

    Uzbekistan’s bank capital jumps 20% y/y to $9.9bn as assets, loans, and deposits expand

    11 August, 13:12
     
     
     

    Latest news

    Uzbekistan, Turkmenistan, and Azerbaijan adopt joint statement, sign new cooperation agreements

    Uzbekistan | 23 August, 10:30

    Uzbekistan, Turkmenistan, and Azerbaijan strengthen cooperation on corridors, energy, and culture

    Uzbekistan | 22 August, 17:00

    Kyrgyzstan challenges Western sanctions, President Japarov appeals to Trump and Starmer

    Kyrgyzstan | 22 August, 16:39

    Uzbekistan, Turkmenistan trade tops $700mn since January as Mirziyoyev meets Berdimuhamedow

    Uzbekistan | 22 August, 14:10

    Uzbekistan sees 4% inflation in January–July 2025

    Uzbekistan | 22 August, 13:13

    Uzbekistan’s gas output drops 3.4% y/y to 25.3bn cubic meters in 7M25

    Uzbekistan | 22 August, 12:03

    Uzbekistan advances judicial reforms with new proposals approved by President Mirziyoyev

    Uzbekistan | 22 August, 10:30

    Uzbekistan’s gold exports jump 84% in 7M25

    Uzbekistan | 22 August, 09:04

    Uzbekistan sells rights to geological exploration at third Navoi gold mine in week

    Uzbekistan | 21 August, 17:06

    Uzbekistan’s foreign trade turnover up 19.9% y/y in 7M25, totaling $44.4bn

    Uzbekistan | 21 August, 15:33
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.