China’s ADM Group has revealed plans to invest $350 million in Pakistan’s electric vehicle (EV) industry.
As part of the investment, the Chinese company plans to set up over 3,000 EV charging stations across Pakistan.
These 3,000 charging stations will be distributed across the country, with 1,000 stations planned for Sindh, 1,500 for Punjab, and 750 for Khyber Pakhtunkhwa and Balochistan.
The ADM Group is also committing $250 million to establish an EV manufacturing plant in Pakistan, as stated in the report.
According to Pakistani state media, the company will invest $90 million in developing the necessary charging infrastructure.
The electric vehicles, expected to travel up to 300 kilometers on a single charge, are projected to help reduce carbon emissions and decrease Pakistan’s reliance on conventional fuel sources.
In November, Pakistan’s Privatization Minister Abdul Aleem Khan announced that 30% of all vehicles in the country would be converted to electric by 2030 to combat air pollution and climate change.
Speaking at the UN COP29 summit in Baku, Khan highlighted that Pakistan is taking significant steps to support the adoption of electric vehicles, including infrastructure development and the installation of charging stations.
Sales of hybrid electric vehicles in Pakistan have more than doubled in the past year. BYD Pakistan, a joint venture between China’s BYD and Mega Motors of Pakistan, projected that by 2030, up to 50% of all vehicles in Pakistan would be electrified in line with global goals.
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