International Automaker announced EV Vehicle plant in Pakistan
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A Chinese electric vehicle (EV) manufacturing company has unveiled ambitious plans to establish an electric car production facility in Pakistan, alongside a network of showrooms in the country's major cities. The announcement came from a delegation representing XinjianJingyi Cheng Group, led by their Assistant Chairman, GU Xongquan, during a meeting with Amin Ullah Baig, Vice President of the FPCCI (Federation of Pakistan Chambers of Commerce and Industry).
Mr. Baig, who also chairs the FPCCI Capital Office, engaged in a comprehensive discussion with the Chinese firm's representatives regarding the investment landscape within Pakistan.
Mr. GU expressed that entering the Pakistani market and establishing both manufacturing units and showrooms aligns with the company's long-term business strategy. XinjianJingyi Cheng Group operates in five distinct industries: electromechanical and hydraulic, light power, vehicles, international trade, and production and service.
Mr. GU emphasized the significance of automobiles in Pakistan, where cars serve as the primary mode of transportation. Furthermore, the recent surge in global oil prices has resulted in a notable increase in gasoline costs, underscoring the necessity for consumers to transition to the new energy markets.
"In the long run," Mr. GU asserted, "electric cars offer substantial savings in fuel costs compared to petrol-powered vehicles." He also highlighted XinjianJingyi Cheng Group's commitment to innovation and the development of automobiles featuring cutting-edge technology and resource integration. This move signals a significant step towards a greener and more sustainable future for Pakistan's automotive industry
