TASHKENT, Uzbekistan, June 4. China Triumph International Engineering and China Xiaou Group are planning to create a technopark in Uzbekistan’s Fergana region, specializing in the automotive industry, Trend reports.
This was reviewed during a meeting between Governor of Fergana Khayrullo Bozarov and delegation of China Triumph International Engineering and China Xiaou Group.
During the meeting, the parties discussed the project of production in the region of cars under a new brand from localized components.
At the first stage, the sides plan to set up assembly, painting, and adjustment using parts imported from China. After the launch, the plant will be able to produce up to 60,000 cars and special vehicles with gas, electric, and hybrid engines annually.
The participants plan to establish local production of all components on the territory of the technopark in the future. The capacity of the expanded assembly line will be up to 1 million vehicles per year.
At the end of the meeting, the parties agreed to prepare a business plan with the exact amount of investments, the project launch date, and the number of new jobs.
Meanwhile, Uzbekistan’s foreign trade turnover volume with China amounted to $3.9 billion from January through April 2024. This figure is 18.1 percent higher year-on-year ($3.3 billion in January–April 2023).
China ranks first among the countries with the largest volume of foreign trade turnover in Uzbekistan. The country’s share in the total volume of trade turnover in Uzbekistan accounts for 19 percent.