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Azerbaijan’s Sumgayit Industrial Park to become hub for electric bus manufacturing

GenevaTimes by GenevaTimes
February 6, 2025
in Europe
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Azerbaijan’s Sumgayit Industrial Park to become hub for electric bus manufacturing
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Azerbaijan’s Sumgayit Industrial Park to become hub for electric bus manufacturing

BAKU, Azerbaijan, February 6. Chinese company
BYD plans to launch an enterprise for manufacturing buses with
electric motors in Sumgayit Chemical Industrial Park this year,
Chairperson of the board of the Economic Zones Development Agency
under the Ministry of Economy of Azerbaijan Seymur Adigozalov said
at a press conference, Trend reports.

He noted that the necessary infrastructure has already been
established, and in the coming days it is planned to start work on
the installation of the production line.




“The approximate volume of investment in the project is more
than 29 million manat ($17.05 million),” he added.

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