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    Uzbekistan World Economics

    China Xiaou Group to establish car production in Uzbekistan

    China Xiaou Group to establish car production in Uzbekistan

    China Xiaou Group has announced plans to establish a car manufacturing facility in Fergana. This initiative was solidified during a visit by a delegation of officials and entrepreneurs from the Fergana region to China, where they held negotiations with the company’s management.

    Photo: China Xiaou Group to establish car production in Uzbekistan
    Source: Press service of the city administration of Fergana region

    Huang He, the head of China Xiaou Group, revealed the company's ambitious investment plan, which amounts to $1.5bn over five years. The project will be executed in several stages, each focusing on expanding production capabilities and increasing localization.

    • First Stage: With an initial investment of $50mn, the first stage will see the launch of large-scale assembly, painting, and adjustment lines. This phase aims to produce up to 60,000 vehicles annually, including models with gas, electric, and hybrid engines.

    • Second and Third Stages: The second stage, estimated at $350mn, will focus on expanding the localization of component production. The third stage, requiring an investment of $1.1bn, aims to further increase the annual production volume to 110,000 vehicles.

    During their visit, the Uzbek delegation toured the BAIC Bluepark Magna automobile plant in Zhenjiang. This facility, which produces Arcfox electric vehicles and the Stelato model, serves as a benchmark for the future production setup in Fergana. The BAIC Bluepark Magna plant has an annual production capacity of 150,000 cars, showcasing the scale and efficiency that China Xiaou Group aspires to replicate in Uzbekistan.

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    19.06.2024, 16:01   Comments (0)   1512
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