South Korean Company makes a big offer over Pakistan’s ambitious electric vehicle policy

South Korean Company makes a big offer over Pakistan’s ambitious electric vehicle policy
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ISLAMABAD - A South Korean company has offered setting up battery charging infrastructure in Pakistan in the wake of ambitious Electric Vehicle policy by the Ministry of Climate Change.

The offer came up during a meeting between Korean battery manufacturer, Songuo Motors, and Advisor to the Prime Minister on Climate Change Malik Amin Aslam in Islamabad today.

The advisor said that Electric Vehicle policy was ready and would be presented to the cabinet in one week's time. After the approval from the competent forum, policy would bring about opening of new opportunities not only in the field of transportation and environment, but also creating scores of green jobs.

He said that initially Pakistan would need a swappable solution for such vehicles until proper charging infrastructure was developed.

Malik Amin Aslam said Pakistan welcomes all companies and offers equal opportunities for everyone to invest in Electric Vehicle market of Pakistan.

Delegation of Sanguo Motors briefed the Minister regarding their product line and business model.

They also said that their company was in negotiations with local companies for joint venture in order to manufacture sophisticated batteries locally and then export them after catering local demand.

Delegation also told that their company was in partnership with some of the leading global automakers and was manufacturing finest quality batteries.

Economy