3rd August 2019
EP Report

 

Local automobile company Bangladesh Auto Industries Ltd (BAIL) is all set to make electric vehicles from next year with an initial investment of $200 million.

 

The facilities, civil work and utility connection of the proposed plant on a 100-acre of land at the Mirsarai economic zone in Chattogram will be completed by December this year, a senior official of BAIL said.

 

“We will install the manufacturing equipment by March next year and the manufacturing will begin in June.”

 

BAIL will manufacture two-wheelers, three-wheelers, sedan, hatchback and sport utility vehicle (SUV) and has plans to produce pick-ups, mini-trucks and multipurpose vehicles.

 

Of the planned $200 million investment, 80 percent will be sourced locally, while the rest will enter the country as a foreign direct investment.

 

The total investment for the project will reach $1 billion within the next five years. 


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