Maiden electric vehicle plant in Chattogram at Tk 14b investment

[Black_cats]

Maiden electric vehicle plant in Chattogram at Tk 14b investment​

Shanaullah Sakib
Dhaka
Published: 16 Sep 2023, 13: 03

Electric vehicles in a display centre of Audi in the capital's Tejgaon area.Jahidul Karim
The country’s very first electric vehicle (EV) manufacturing plant is under construction in Chattogram, with an investment of Tk 14.4 billion.

The Bangladesh Auto Industries Limited (BAIL) is implementing the project in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, and planning to launch the locally produced electric vehicles in the market by next March.
Of the investment, an amount of Tk 7.9 billion is funded by ten banks, while the remaining fund will come from private entrepreneurs. The authorities have already completed the factory construction works on a portion of 100 acres of land in the BSMSN economic zone and are now installing the machinery.

The factory will manufacture key components of electric vehicles, including the main body, battery, motor, and charger. The productions will account for approximately 75 per cent of the total investment, while the remaining 25 per cent will be spent to import the interior designs.
The vehicles will go through rigorous testing before being released to the market. There is a plan to add charging facilities to petrol pumps across the country.

The BAIL is a subsidiary of Mango Teleservices. Its chairman A Mannan Khan, who has been running the technology business for 30 years, said it is a global trend that the tech companies spearhead EV manufacturing industries and they followed the suit.

It is the time to manufacture eco-friendly vehicles in the country. The space for conventional automotive industry is shrinking and, at the same time, being replaced by electric vehicles, he added.

Big investments in three factories

The total fund will be divided among three factories, each responsible for manufacturing different components of the electric vehicles. With an investment of Tk 5.5 billion, the BAIL will produce the main body of the vehicles, including sedans, SUVs, microbuses, trucks, covered vans, and buses. A consortium of banks, including Agrani Bank, BDBL, BIFFL, Islami Bank, and First Security Islami Bank, will contribute Tk 2.4 billion to the venture.

When contacted, the managing director (MD) of Agrani Bank did not make any comments over the investment.

Islami Bank MD Mohammed Monirul Moula said cost-effective electric vehicles are gaining popularity globally. “We got engaged in the project in the consideration of the country’s betterment. We intend to participate in more projects that fall into the line.”

Apart from that, the lithium batteries will be produced in the factory of Bangladesh Lithium Battery Limited, a subsidiary of BAIL. The batteries will be used in electric vehicles consisting of two, three, or four wheels, in addition to some other machinery.

The factory will cost Tk 7.5 billion to be constructed, where Tk 5.5 billion will be funded by different banks. The Eastern Bank has reached a consensus with the BDBL, Sonali Bank, Rupali Bank and Mercantile Bank to collectively provide Tk 3.5 billion as the first installment of the Tk 5.5 billion fund, with the remaining Tk 2 billion planned for the second installment.

The managing director of Rupali Bank, Mohammad Jahangir, said, “We have been with the project due to its unique and promising aspect. We hope Bangladesh will enter the era of eco-friendly electric vehicles thanks to the project.”

The remaining parts, including motors, motor controlling and charging systems, will be produced in a factory of Mango Technologies Limited. The entrepreneurs are investing Tk 1.4 billion to set up a factory in this regard.
And, the interior designs will be imported through the Mutual Trust Bank.

A Mannan Khan, an entrepreneur, said the good banks express interest in this type of projects across the world and the situation here is nothing different.

He disclosed that equipment for the projects has already been imported, and installation is set to commence in October, while the trial run is scheduled for January. They are planning to launch the vehicles in the market next March.

How will the EVs cost?​

The electric cars will be branded as a locally manufactured product. The BAIL will have an annual manufacturing capacity of 60,000 2-wheelers, 40,000 3-wheelers, and 30,000 4-wheelers.

The project will create employment opportunities for around 1,500 people, with the potential for further expansion that could employ up to 5,000 people at a time.

The vehicles are designed with user comfort in mind, featuring modern facilities. There will be inside charging and Wi-Fi facilities, allowing passengers to conduct business or work while on the move.

The price will vary based on the vehicles’ charging capacity and range. A sedan car with a 250 km single-charge range will cost Tk 1.2 to 1.3 million, while that of 350 km single-charge range will cost Tk 1.6 to 1.7 million.

The price of a SUV or Jeep with a 350 km single-charge range will be Tk 2.3 to 2.5 million, while that of 400 km single-charge range is Tk 2.8 to 3 million.

A seven-seater microbus with a 250 km single-charge range will cost Tk 2 to 2.2 million and that of 350-km charge range will cost Tk 2.5 to 2.6 million.

Besides, a three-wheeler will be priced at Tk 400,000 to 500,000, while the prices of covered vans, trucks, and buses will range from Tk 1.5 to 3 million.

Maiden electric vehicle plant in Chattogram at Tk 14b investment

The EV manufacturing plant is under construction in Chattogram, with an investment of Tk 14.4 billion.

en.prothomalo.com

 

[saif]

Maiden electric vehicle plant in Chattogram at Tk 14b investment​

Shanaullah Sakib
Dhaka
Published: 16 Sep 2023, 13: 03

Electric vehicles in a display centre of Audi in the capital's Tejgaon area.Jahidul Karim
The country’s very first electric vehicle (EV) manufacturing plant is under construction in Chattogram, with an investment of Tk 14.4 billion.

The Bangladesh Auto Industries Limited (BAIL) is implementing the project in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, and planning to launch the locally produced electric vehicles in the market by next March.
Of the investment, an amount of Tk 7.9 billion is funded by ten banks, while the remaining fund will come from private entrepreneurs. The authorities have already completed the factory construction works on a portion of 100 acres of land in the BSMSN economic zone and are now installing the machinery.

The factory will manufacture key components of electric vehicles, including the main body, battery, motor, and charger. The productions will account for approximately 75 per cent of the total investment, while the remaining 25 per cent will be spent to import the interior designs.
The vehicles will go through rigorous testing before being released to the market. There is a plan to add charging facilities to petrol pumps across the country.

The BAIL is a subsidiary of Mango Teleservices. Its chairman A Mannan Khan, who has been running the technology business for 30 years, said it is a global trend that the tech companies spearhead EV manufacturing industries and they followed the suit.

It is the time to manufacture eco-friendly vehicles in the country. The space for conventional automotive industry is shrinking and, at the same time, being replaced by electric vehicles, he added.

Big investments in three factories

The total fund will be divided among three factories, each responsible for manufacturing different components of the electric vehicles. With an investment of Tk 5.5 billion, the BAIL will produce the main body of the vehicles, including sedans, SUVs, microbuses, trucks, covered vans, and buses. A consortium of banks, including Agrani Bank, BDBL, BIFFL, Islami Bank, and First Security Islami Bank, will contribute Tk 2.4 billion to the venture.

When contacted, the managing director (MD) of Agrani Bank did not make any comments over the investment.

Islami Bank MD Mohammed Monirul Moula said cost-effective electric vehicles are gaining popularity globally. “We got engaged in the project in the consideration of the country’s betterment. We intend to participate in more projects that fall into the line.”

Apart from that, the lithium batteries will be produced in the factory of Bangladesh Lithium Battery Limited, a subsidiary of BAIL. The batteries will be used in electric vehicles consisting of two, three, or four wheels, in addition to some other machinery.

The factory will cost Tk 7.5 billion to be constructed, where Tk 5.5 billion will be funded by different banks. The Eastern Bank has reached a consensus with the BDBL, Sonali Bank, Rupali Bank and Mercantile Bank to collectively provide Tk 3.5 billion as the first installment of the Tk 5.5 billion fund, with the remaining Tk 2 billion planned for the second installment.

The managing director of Rupali Bank, Mohammad Jahangir, said, “We have been with the project due to its unique and promising aspect. We hope Bangladesh will enter the era of eco-friendly electric vehicles thanks to the project.”

The remaining parts, including motors, motor controlling and charging systems, will be produced in a factory of Mango Technologies Limited. The entrepreneurs are investing Tk 1.4 billion to set up a factory in this regard.
And, the interior designs will be imported through the Mutual Trust Bank.

A Mannan Khan, an entrepreneur, said the good banks express interest in this type of projects across the world and the situation here is nothing different.

He disclosed that equipment for the projects has already been imported, and installation is set to commence in October, while the trial run is scheduled for January. They are planning to launch the vehicles in the market next March.

How will the EVs cost?​

The electric cars will be branded as a locally manufactured product. The BAIL will have an annual manufacturing capacity of 60,000 2-wheelers, 40,000 3-wheelers, and 30,000 4-wheelers.

The project will create employment opportunities for around 1,500 people, with the potential for further expansion that could employ up to 5,000 people at a time.

The vehicles are designed with user comfort in mind, featuring modern facilities. There will be inside charging and Wi-Fi facilities, allowing passengers to conduct business or work while on the move.

The price will vary based on the vehicles’ charging capacity and range. A sedan car with a 250 km single-charge range will cost Tk 1.2 to 1.3 million, while that of 350 km single-charge range will cost Tk 1.6 to 1.7 million.

The price of a SUV or Jeep with a 350 km single-charge range will be Tk 2.3 to 2.5 million, while that of 400 km single-charge range is Tk 2.8 to 3 million.

A seven-seater microbus with a 250 km single-charge range will cost Tk 2 to 2.2 million and that of 350-km charge range will cost Tk 2.5 to 2.6 million.

Besides, a three-wheeler will be priced at Tk 400,000 to 500,000, while the prices of covered vans, trucks, and buses will range from Tk 1.5 to 3 million.

Maiden electric vehicle plant in Chattogram at Tk 14b investment

The EV manufacturing plant is under construction in Chattogram, with an investment of Tk 14.4 billion.

en.prothomalo.com

Nice to see our automobile industry is growing. The prices for the electric cars are very reasonable. Best of luck to Bangladesh Auto Industries Limited.

 

[Bengal71]

Is this for real ? I hope it materializes.

 

[saif]

Is this for real ? I hope it materializes.

This is for real. It will materialize, inshallah.

 

[SoulSpokesman]

Good work by BD and the SHW Govt. Hopefully it will result in a cleaner greener BD

Regards

 

[IndianLite]

Good work by BD and the SHW Govt. Hopefully it will result in a cleaner greener BD

Regards

Haseena hai to mumkeen hai…

 

[Tom-tom]

It's great alhamdila, they should be mainly geared for export market.

The other thing, our national grid, electrical capacity bearly at can be struggle although when I last checked you extra surplus production capacity of MWatts. This will soon go, if to many EVs sill the market.

Bdesh can easily tap In the the hydrogen market. That's going to be player, for bdesh it will be around 5-10 billion usd green hydrogen.

Nothing is completely green and friendly - these batteries where do they come from? How are they made? What happens to the batteries after? What emitted when making the batteries? E.t.c

I do admitt hydrogen is stepping, but it's going to be around for a while.

 

[StraightEdge]

Good, that's a nice step for BD's industrial sector.

 

[@blue Ocean]

An EV needs at least the following components to be assembled inside the hood.

1) Transmission
2) Thermal Cooling system
3) Traction battery-pack
4) Auxiliary batteries
5) ELECTRIC Motor
6) Power Inverter
7) Charge Port
8) Thermal system
9) DC-DC converter
10) Charge port
and others. I am not familiar with things electrical. I have collected the data above from the internet sources.

We can just wait and see what this company finally produces. Guys, EVs are not low technology garments. So, please do not expect it to be exported unless its reliability has been proved.

Since some company has announced the production of EV, I believe it has the knowledge and ability to produce the components above and others.

 

[IndianLite]

An EV needs at least the following components to be assembled inside the hood.

1) Transmission
2) Thermal Cooling system
3) Traction battery-pack
4) Auxiliary batteries
5) ELECTRIC Motor
6) Power Inverter
7) Charge Port
8) Thermal system
9) DC-DC converter
10) Charge port
and others. I am not familiar with things electrical. I have collected the data above from the internet sources.

We can just wait and see what this company finally produces. Guys, EVs are not low technology garments. So, please do not expect it to be exported unless its reliability has been proved.

Since some company has announced the production of EV, I believe it has the knowledge and ability to produce the components above and others.

Can export to Africa.

But nowhere else.

Quality and safety standards requires 10s billions of dollars of investment.

 

[Tom-tom]

Can export to Africa.

But nowhere else.

Quality and safety standards requires 10s billions of dollars of investment.

Ev doesn't need a transmission does it. Africa and South America is good starting point.

Bdesh's main solution to for fossils fuel transition is e-fuels less expensive, easily convert existing ice vehicles. Bdesh does not have the funds to replace every ice vehicle.

Not even uk, national grid would able to deal with if went EV over night.

Secondly, it will consume bdesh additional (slurpus production capacity of current. ) having immediate available production capacity is crucial to bringing in new industrial companies.

As bdesh goes up the value chain, its industries will be more energy hungry.

Also bdesh gas infractstructure well suited to green hydrogen production. That 5-10 billion usd.

E-fuel use a mix of hydrogen and carbon dioxide by the way. So may be more green than EV in long run

 

[@blue Ocean]

Can export to Africa.

But nowhere else.

Quality and safety standards requires 10s billions of dollars of investment.

I was in Nigeria (Lagos and Enugu) for two short terms and to Libya (Misurata Steel Mills) for a long/term stay. They import European and Japanese cars. Do not think all Africans are that poor. Only rich people own cars.

I do not think Africa will be a market for an unknown BD cars. Japanese companies had the guts to participate in the 10,000 km long Dakar rallies for many years to prove the endurance and reliability of their cars. Sahara is very hot the temperature rises above 50 degrees.

Do not please think BD is not poorer than most African countries. And car business is not like sending a letter or a parcel. You send it and the receiver receives it at the other end.

A car has a very high price. People have many options.

 

[IndianLite]

I was in Nigeria (Lagos and Enugu) for two short terms and to Libya (Misurata Steel Mills) for a long/term stay. They import European and Japanese cars. Do not think all Africans are that poor. Only rich people own cars.

I do not think Africa will be a market for an unknown BD cars. Japanese companies had the guts to participate in the 10,000 km long Dakar rallies for many years to prove the endurance and reliability of their cars. Sahara is very hot the temperature rises above 50 degrees.

Do not please think BD is not poorer than most African countries. And car business is not like sending a letter or a parcel. You send it and the receiver receives it at the other end.

A car has a very high price. People have many options.

Due to mineral resources and feudal nature of African tribes - they have a larger, per capita, Uber rich population than Bangladesh.

India and Pakistan are very much like African tribal societies.

Bangladesh is a much more egalitarian society.

Bangladeshis might buy fewer cars and luxuries - but better spread of wealth means higher life expectancy and lower infant mortality.

 

[@blue Ocean]

Due to mineral resources and feudal nature of African tribes - they have a larger, per capita, Uber rich population than Bangladesh.

India and Pakistan are very much like African tribal societies.

Bangladesh is a much more egalitarian society.

Bangladeshis might buy fewer cars and luxuries - but better spread of wealth means higher life expectancy and lower infant mortality.

You have stated so many reasons to take your electric car to Africa. Have you been to Africa to see the lifestyle there? I had been to two African countries.

No one buys anything unproven. So, prove it first that BD electrical goods are more reliable than the Chinese, Japanese or Korean goods.

By the way, which persons in Africa will buy BD cars? Please send the list to the car maker. They will be delighted.

But, I thought BD is poorer than many African countries and this is why many BD people go there to work.

 

[IndianLite]

You have stated so many reasons to take your electric car to Africa. Have you been to Africa to see the lifestyle there? I had been to two African countries.

No one buys anything unproven. So, prove it first that BD electrical goods are more reliable than the Chinese, Japanese or Korean goods.

By the way, which persons in Africa will buy BD cars? Please send the list to the car maker. They will be delighted.

But, I thought BD is poorer than many African countries and this is why many BD people go there to work.

Where did I say it will be easy?

All I am saying is that BD can start there.

If it doesn’t sell in Africa - it won’t sell anywhere.