ISLAMABAD – World’s leading multinational company to manufacture electricvehicles in Pakistan.
A multinational electric company known as MVM Group has signed a memorandumwith Zhengzhou Yutong Bus Co., LTD for the manufacturing of electric busesfor the Pakistani auto sector.
This initiative occurred under the umbrella of CPEC arrangement and isknown to bring economic stability in the country.
The official ceremony of the project launch will be held in February of2020. During the ceremony, Yutong will conduct a trial run of the electricbuses before making available for the general public.
The aim of launching electric transportation is to revolutionize thePakistan Public Transportation into sustainable with the zero-emissionssystem.
The first step is to accumulate electric buses into the metro system andthen disperse them to intercity transportation. With the launch of electricvehicles, the country will also face financial stability and the fares oftransportation will decrease for the general public.
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MVM Group is an electric power generating company that is situated inHungary. It is the largest electrical manufacturing company in the countryand is responsible for large scale distribution, sale, and production ofelectricity.
Yutong is situated in China and is formally known for manufacturing largescale commercial level vehicles. In particular, the buses by Yutong are themost famous all over the subcontinent.
According to a 2016 sales report the company was considered as the world’sbiggest bus manufacturer in sales volume. Yutong is famous worldwide forits coaches, intercity buses and city buses.
