Kyrgyzstan's Minister of Economy and Commerce, Daniyar Amangeldiev, held talks in Beijing with the Chairman of the Board of China Hi-tech New Energy Auto Company Limited, a subsidiary of the Sinomach Corporation, to discuss potential collaboration, Akchabar reports.
Minister Amangeldiev informed the Chinese side that Kyrgyzstan exported 6,861 cars from China this year. This provides a solid foundation for the Chinese side to consider the possibility of establishing assembly production and dealership networks in Kyrgyzstan.
The minister also highlighted that Kyrgyzstan has a special tax policy, exempting the company from taxes for a period of five years. Additionally, there are opportunities for duty-free import of electric vehicle parts, among other incentives.
In turn, the Chinese side expressed interest in establishing an assembly line in Kyrgyzstan and discussing the details of cooperation. China Hi-tech New Energy Auto Company Limited primarily engages in the production of electric vehicles, research and development, sales, as well as the overall planning and design of electric vehicle plants. The company's headquarters is located in Beijing.
The activities of China Hi-tech New Energy Auto Company Limited cover a range of products, including passenger cars, buses, trucks, vans, pickups, special-purpose vehicles, construction equipment, engines, and other series of products with an annual production capacity in the hundreds of thousands.
CentralasianLIGHT.org,
December 8, 2023