- China to deliver 30 load factories in the next 10 days.
- First station already installed in Karachi; Lahore to follow the plunge.
- “EV production will start with December,” said the CEO of the Aden group.
Karachi: A major boost for the Pakistani economy is underway as a Chinese consortium has promised an investment of $ 340 million to establish manufacturing factories for electric vehicles (EV) and charging stations national.
The Minister of Sindh of Energy, Syed Nasir Hussain Shah, announced that the Sindh government would fully support the company, offering land and installations essential to Chinese society, The news reported.
“If the company manufactures electric vehicles in Pakistan, the Sindh government will buy more than 20% of vehicles produced at the Karachi factory,” said Shah, during a press briefing for the inauguration of a project Spouse between the Malik group and the Aden group of China, Malik Khuda Bakhsh.
The president of the Malik group, Malik Khuda Bakhsh, has announced that 30 charging factories will be delivered in China in the next 10 days, national facilities start soon.
“We aim to operate the necessary infrastructure by the end of this year,” said Bakhsh, stressing that the first station has already been installed in Karachi, with Lahore which should follow suit on Thursday.
The CEO of the Aden group, Yasser, Bhambani, detailed the company’s financial commitment to the project, revealing plans to invest $ 90 million for 3,000 charging stations and 240 million dollars for a manufacturing plant electric vehicles.
“In December, the production of electric vehicles will start, with an annual exit target of 72,000 units,” he said. “We also plan to export vehicles to the Middle East, Sri Lanka and Bangladesh.”
The event was followed by important figures in the industrial and commercial sectors, notably Arif Habib, Zubair Tufail, Khalid Tawab and Mirza Ishtiaq Baig.