- China to deliver 30 charging plants in next 10 days.
- First station already set up in Karachi; Lahore to follow suit.
- “EV production to begin by Dec,” says ADEN Group CEO.
KARACHI: A major boost for Pakistan’s economy is underway as a Chinese consortium has pledged a $340 million investment to establish electric vehicle (EV) manufacturing plants and charging stations nationwide.
Sindh Energy Minister Syed Nasir Hussain Shah announced that the Sindh government will fully support the venture, offering land and essential facilities to the Chinese company, The News reported.
“If the company manufactures electric vehicles in Pakistan, the Sindh government will purchase over 20% of the vehicles produced at the Karachi plant,” said Shah, during a press briefing for the inauguration of a joint project between Malik Group and China’s ADEN Group, Malik Khuda Bakhsh.
Chairperson of Malik Group, Malik Khuda Bakhsh, announced that 30 charging plants will be delivered from China within the next 10 days, with nationwide installations starting soon.
“We aim to have the necessary infrastructure operational by the end of this year,” said Bakhsh, highlighting that the first station has already been set up in Karachi, with Lahore set to follow suit on Thursday.
ADEN Group CEO 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 for an EV manufacturing plant.
“By December, electric vehicle production will begin, with an annual output target of 72,000 units,” he said. “We also plan to export vehicles to the Middle East, Sri Lanka and Bangladesh.”
The event was attended by prominent figures in the industrial and business sectors, including Arif Habib, Zubair Tufail, Khalid Tawab and Mirza Ishtiaq Baig.
