Thursday, February 29, 2024
HomeTurbinebdPlant in CTG to manufacture Electric Vehicles

Plant in CTG to manufacture Electric Vehicles

Masud Kabir, managing director of BAIL has told the press, that the manufacturing units will be installed by next March and the manufacturing will begin in June. The company will be producing electric vehicles (EV) which uses chemical energy stored in rechargeable lithium-ion battery packs—the process which is much more efficient and environmentally friendly compared to using fossil fuels. Kabir also added saying, 80 per cent of the investment will be sourced locally while the rest will be sourced from outside the borders as foreign direct investment. The total investment of $1 billion will be made throughout the first five years.BAIL will manufacture all sorts of vehicles starting from two-wheelers, three-wheelers, sedan, hatchback and sport utility vehicles (SUV) and also gradually start manufacturing pickup trucks, mini trucks and multipurpose vehicles. There are estimated prices as well—an SUV will sell at Tk 25 lakh, sedan at Tk 12-15 lakh and the motorcycles will be priced somewhere between 50,000 to Tk 1.5 lakh.



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