Bangladesh is advancing sustainable transportation with a significant investment in electric vehicle manufacturing. Bangladesh Auto Industries Limited, a Mango Teleservices subsidiary, is investing Tk 1440 crore to build the country’s first electric car factory. Located in Bangabandhu Shilpa Nagar Economic Zone in Mirsarai, Chattogram, the plant will start producing cars by March next year.

Ten banks are contributing Tk 790 crore towards the electric vehicle factory’s construction, with entrepreneurs providing the rest. The project has completed its infrastructure phase, and machinery installations are underway on the 100-acre plot. Seventy-five percent of the investment will go into manufacturing the main structure, battery, motor, and charger. The remaining 25 percent will be for importing interior design elements. The facility will manufacture sedans, SUVs, and buses. Agrani Bank leads an alliance of banks that contributes Tk 240 crore towards the construction.

A separate factory, Bangladesh Lithium Battery Limited, will produce lithium batteries for electric vehicles and other sectors. This factory has an allocated budget of Tk 750 crore. Mango Technologies Limited will produce motor control and charging systems at a cost of Tk 140 crore, with machinery imported via Mutual Trust Bank.

The manufacturing plants will initially provide direct employment to approximately 1500 people, expanding to 5000 as production scales up. The company aims to produce 60,000 2-wheelers, 40,000 3-wheelers, and 30,000 4-wheelers annually. Vehicles will be marketed under Bangladesh’s own brand. The company plans to introduce charging facilities at petrol stations nationwide. Vehicles will be designed for maximum user comfort, with interior elements imported and seamlessly integrated.

Source: The Daily Star