Uzbekistan and China deepen cooperation in the automotive industry

The Consulate General of Uzbekistan in Guangzhou jointly with the Guangzhou Automobile Industry Association organized the ‘‘One Belt, One Road’’ Forum to promote deepening cooperation in the automotive industry and open up new opportunities for the automobile industry in Central Asia, the correspondent of ‘‘Dunyo’’ news agency reports.

At the event, Secretary General of the Guangzhou Automobile Industry Association Wang Xiaodang noted that Central Asia has become a powerful growth point for the production of new energy vehicles in China. “From product production to technology development, the localization of China’s automobile industry in Central Asian countries is gradually deepening, which, in turn, will facilitate the transition to a green and low-carbon industry”, – the Secretary General emphasized.

“The Central Asian market is developing at a fast and stable pace, which creates incentives for the ever-growing demand for auxiliary spare parts, such as automotive components and chargers. The association acts as a link for automobile companies not only from Guangzhou, but also from the southern provinces of China, helping them to study the Central Asian market and develop the automobile industry there”, – Wang Xiaodan summed up.

Representatives of Uzbekistan made a report on the topic of “Investment and business opportunities in Uzbekistan”. Participants were provided with information on the opportunities and economic potential for investors in our country.

At the forum, experts and employees of Chinese enterprises noted that the export potential and investment attractiveness of our country are constantly increasing.

Diplomats agreed with the Guangzhou Automobile Industry Association to establish cooperation relations between companies in the industry, as well as to organize business missions to develop joint investment projects.