ADM Jizzakh to invest $100 million in hybrid and electric vehicle production
Photo: Spot.uz
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According to Spot.uz, ADM Jizzakh is working to organize the production of electric and hybrid vehicles. The carmaker has signed an agreement with South Korea's DK&G Co for the industrial outfitting of a new full-cycle manufacturing facility. The investment in the workshop will amount to $100 million.
The complex under construction will manufacture vehicles under the Chery, Haval, and Changan brands, specifically UNI-E models. Production will be organized using complete knock-down (CKD) technology on a full-cycle basis, covering body welding and painting, final assembly, and quality control. Engineering solutions implemented jointly with DK&G will enable the single assembly line to produce multiple brands.
With the launch of the facility, ADM Global expects to bring several hybrid and electric models with a high level of localization to the Uzbekistan market. The new vehicles will be supplied both to the domestic market of Uzbekistan and for export.
According to Spot.uz, a mobile data center previously owned by Turkiston Bank has been put up for sale through the E-auksion platform. The asset is being sold following a decision made by the bank creditors meeting in late October. Turkiston Bank went bankrupt in October 2022, and the economic court declared the credit institution bankrupt in February 2023.
According to Gazeta.uz, the 500 kV Koltsevaya substation was put into operation in Tashkent Region on 7 November. The facility will improve the reliability of power supply to the capital and parts of Tashkent Region, as well as more optimally distribute the load on existing electrical networks. The total cost of the project, implemented with the participation of the World Bank, amounted to 171.4 million US dollars, according to the press service of the Ministry of Energy of Uzbekistan.
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