A Chinese electric vehicle (EV) manufacturing company has unveiledambitious plans to establish an electric car production facility inPakistan, alongside a network of showrooms in the country’s major cities.The announcement came from a delegation representing XinjianJingyi ChengGroup, led by their Assistant Chairman, GU Xongquan, during a meeting withAmin Ullah Baig, Vice President of the FPCCI (Federation of PakistanChambers of Commerce and Industry).
Mr. Baig, who also chairs the FPCCI Capital Office, engaged in acomprehensive discussion with the Chinese firm’s representatives regardingthe investment landscape within Pakistan.
Mr. GU expressed that entering the Pakistani market and establishing bothmanufacturing units and showrooms aligns with the company’s long-termbusiness strategy. XinjianJingyi Cheng Group operates in five distinctindustries: electromechanical and hydraulic, light power, vehicles,international trade, and production and service.
Mr. GU emphasized the significance of automobiles in Pakistan, where carsserve as the primary mode of transportation. Furthermore, the recent surgein global oil prices has resulted in a notable increase in gasoline costs,underscoring the necessity for consumers to transition to the new energymarkets.
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“In the long run,” Mr. GU asserted, “electric cars offer substantialsavings in fuel costs compared to petrol-powered vehicles.” He alsohighlighted XinjianJingyi Cheng Group’s commitment to innovation and thedevelopment of automobiles featuring cutting-edge technology and resourceintegration. This move signals a significant step towards a greener andmore sustainable future for Pakistan’s automotive industry
