Chinese firm to establish electric vehicle plant in Pakistan

[Edevelop]

ISLAMABAD: A Chinese electric car manufacturing company has announced establishing an electric vehicle (EV) plant in Pakistan and chain of showrooms in major cities of the country.

This announcement was made by a delegation of XinjianJingyi Cheng Group, led by its assistant chairman GU Xongquan, during a meeting with FPCCI Vice President Amin Ullah Baig here on Thursday.

Mr Baig, who is also chairman of the FPCCI Capital Office, held an extensive discussion with the Chinese firm’s team on the investment landscape of Pakistan.

Mr GU said entering the Pakistani market and setting up a manufacturing unit and showrooms was in the interest of the company and part of its long-term business plan.

XinjianJingyi Cheng Group is engaged in five industries — electromechanical and hydraulic, light power, vehicle, international trade and production and service.

Mr GU said cars were the main means of transport in Pakistan, while the rising global oil prices have led to a sharp increase in gasoline prices, making it imperative for consumers to switch to new energy markets.

“In the long run, electric cars save much more fuel cost than petrol-run vehicles,” he said, adding that XinjianJingyi Cheng Group emphasises the innovation and development of automobiles with modern technology and integration of resources.

Mr Baig asked the Chinese firm’s delegation to expedited their investment plans which will be mutually beneficial. He noted that Chinese auto brands operating in Pakistan are popular among the masses, and China is leading the development of key technologies for electric vehicles.

Chinese firm to establish electric vehicle plant in Pakistan

The Chinese electric car manufacturing company will also establish a chain of showrooms in major cities.

www.dawn.com

 

[Trango Towers]

Electric vehicle plant in a country where there is a shortage of electricity.

 

[Muji.Iqbal]

I appreciate what China is doing in Pakistan.

China should build more advanced nuclear reactors in Pakistan to get rid of the electricity problem.

 

[Ahmadbhutta01]

Finally thanks alot to our time tested friends Chinese , lots of love

Electric vehicle plant in a country where there is a shortage of electricity.

Bhai solar se charge karlai anay tu day har waqt Rona lagaya

 

[TriptiD]

Electric vehicle plant in a country where there is a shortage of electricity.

I thought Pakistan was generating surplus electricity and paying large capacity charges , leading to inflation of electricity bills.

Anyway, not more than a handful of these cars will be sold in Pakistan until battery costs come down and charging infrastructure develops.

 

[Clutch]

I appreciate what China is doing in Pakistan.

China should build more advanced nuclear reactors in Pakistan to get rid of the electricity problem.

Can they instead build advanced terrorist elimination factories to get rid of the military establishment problem???
.. please.