Bishkek, May 26, 2021. / Kabar /. Investors from South Korea arrived in Kyrgyzstan’s Balykchy town on May 25 regarding the construction of a plant for the production of electric vehicles, the Balykchy Mayor's Office reported.
The meeting was attended by Deputy Mayor Azamat Arnabek Uulu, Chief Financial Officer of an electric car company in Korea Kim Ji Tsuk, CEO Lee Kyung Jae, and other company representatives.
The investors said that the electric vehicles will be produced with a 10-year warranty, and local residents to be involved in the work of the plant.
The plant will operate in three stages. The first stage will produce 65 thousand, in the second - 300 thousand mini electric vehicles and minivans.
Power will also be installed for them on the streets.
At first, spare parts will be imported from abroad, but then they also be produced in Balykchy.
Balykchy is the eighth largest town in Kyrgyzstan with a resident population of 42,380. It is a major industrial and transport centre (wool and crop processing, lake shipping, rail terminal, and road junction) during the Soviet era, it lost most of its economic base after the collapse of the Soviet Union and the closure of virtually all of its industrial facilities.
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