On December 30, BYD Auto officially announced that BYD and UZAVTOSANOAT JSC (“UzAuto”) signed a joint venture agreement. The two parties established a joint venture company to focus on the production of new energy vehicles and related parts. The joint venture will be located in Uzbekistan, and will mainly produce BYD’s best-selling new energy models in the future, including DM-i super hybrid models and related components.
BYD (BYD, full name Build Your Dreams) started in the battery business in 1995. It has mastered the core technologies of electric vehicles such as batteries, motors, and electronic controls around the world, and is able to provide overall solutions for new energy including electric vehicles and power batteries. IT Home learned that as of November 2022, BYD’s global sales of new energy vehicles will exceed 3 million units.
Founded in 1994, UzAuto is the largest automaker in Central Asia and the only automaker with a complete auto industry layout. It has a large local and inter-regional sales network and a complete after-sales service system. UzAuto has won 95% of the Uzbekistan auto market.
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Event Tracking
- 2022-12-30 BYD plans to set up a joint venture in Uzbekistan to produce DM-i super hybrid models
- 2022-12-30 Running into the field to accelerate entry Semiconductor BYD 1.59 billion to take over the former Ziguang Chengdu memory manufacturing base
- 2022-12-22 BYD looks forward to the announcement of a million-level off-road vehicle preview, which will be unveiled in the first quarter of 2023
- 2022-12-16 BYD: Yuan Plus is the company’s first global market model, Han and Tang will land in Mexico next year
- 2022-12-13 Buffett reduced his holdings of BYD again: cashed out more than 3 billion Hong Kong dollars within the year and bought TSMC
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