Chinese company to invests $340M in Pakistan’s EV industry in both manufacturing and charging infrastructure.
A major boost for Pakistan’s economy is on the horizon as a Chinese company has committed to investing $340 million in electric vehicle (EV) manufacturing and charging infrastructure nationwide. Sindh Energy Minister Syed Nasir Hussain Shah assured the Sindh government’s full support, including providing land for production facilities.
During a press briefing at a local hotel for the launch of a joint initiative between Malik Group and China’s ADEN Group, Minister Shah stated that if the company starts manufacturing EVs in Pakistan, the Sindh government will purchase over 20% of the vehicles produced at the Karachi plant.
Malik Group’s Chairperson, Malik Khuda Bakhsh, announced that 30 EV charging units will be shipped from China within the next 10 days, with installation beginning soon across the country. The first charging station has already been set up in Karachi, and Lahore will receive one next Thursday. The goal is to establish the infrastructure before the year ends.
ADEN Group CEO Yasser Bhambani outlined the financial strategy, stating that $90 million will be allocated to installing 3,000 charging stations, while $240 million will be invested in an EV manufacturing plant. He revealed that production would start by December, with an annual capacity of 72,000 vehicles. Additionally, plans are in place to export EVs to the Middle East, Sri Lanka, and Bangladesh.
The event saw attendance from notable business and industry figures, including Arif Habib, Zubair Tufail, Khalid Tawab, and Mirza Ishtiaq Baig.
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