Country's First Electric Car Factory To Be Set Up in Mirsharai

Four banks and a financial institution have signed an agreement to set up the country's first electric vehicle plant (electric car plant) at Mirsharai in Chittagong at a cost of Tk 335 crore.  

The agreement was signed between Bangladesh Infrastructure Finance Fund Limited (BIFFL) and Agrani Bank, Islami Bank, Fast Security Islami Bank, and Bangladesh Development Bank on Wednesday (October 28th).

Work on the first phase of the Electric Vehicle (EV) manufacturing project has already started at a cost of Tk 335 crore. For this project, 100 acres of land has been allotted by BJETA in Bangabandhu Industrial City, Mirsarai.  

In the same place EV cars will be manufactured as well as lithium ion batteries, motors, controllers and chargers; So that 75 percent of the value of the EV car will be added. Bangladesh Automobile Industries Limited is nearing completion of the construction of the physical infrastructure required for the manufacture of vehicles.

Besides, some of the necessary equipment and machineries from abroad have reached Chittagong port. Some items are in the process of being shipped from abroad, the concerned said.

According to the plan, production of the experimental EV car is expected to start by mid-2022. Apart from setting up home charging facilities across the country, commercial electric charging facilities will be set up at petrol and CNG pumps currently in use.