International automaker to setup huge auto assembly plant near Lahore

International automaker to setup huge auto assembly plant near Lahore
Shares

KARACHI: China is planning to set an auto assembly plant near Lahore under the Pakistan Auto Policy 2016-21.

King Long United Automotive Industry in joint venture with Shine Autos plans the assembly plant to produce commercial vehicles, both buses and trucks at the plant.

“Initially, the JV plans to produce three types of commercial vehicles, including commercial vehicle with capacity of 15 passengers, buses with capacity of 58 passengers, and mini truck of different capacities,” the document noted.

The joint venture requires 100 acres of land near Lahore and contacting the concerned authorities in Pakistan to help them in this regard. “The project would attract an investment of approximately $200 million,” the official estimated.

More from this category