In Pakistan’s major cities, an electric vehicle (EV) assembly factory and car dealerships are planned by a Chinese electric vehicle manufacturer.
On Thursday, Amin Ullah Baig, vice president of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI), was presented with the aforementioned proposal by a team from the Xinjiang Jingyi Cheng Group, led by deputy chairman G.U. Xongquan. The conference included an in-depth discussion of Pakistan’s investment environment.
The company’s long-term business plan, according to Chairman Xongquan, also called for the establishment of a fully indigenous production facility with an extensive showroom network in Pakistan.
The five primary industries that Xinjian Jingyi Cheng Group participates in are as follows:
- Electromechanical and hydraulic
- Light power
- International commerce
- Production and services
As stated by Xongquan, vehicles are the primary means of transportation in Pakistan, and as oil prices rise globally, people feel forced to use alternative forms of transportation due to the growing cost of gasoline.
The emphasis of the Xinjian Jingyi Cheng Group is on the development and innovation of automobiles using modern technology and resource integration. In the long term, electric automobiles use less fuel than gasoline-powered cars, according to Xongquan.