China’s ADM Group has announced plans to establish an electric vehicle (EV) manufacturing plant in Pakistan, with a $250 million investment.
According to Radio Pakistan, this initiative is part of the Special Investment Facilitation Council’s efforts, which was established last year to attract foreign investment.
The project is expected to contribute to the transition to EVs, helping to reduce fuel import costs and save billions of dollars.
Also read: Govt announces nursing jobs for Pakistanis in Saudi Arabia: How to apply
In addition, ADM Group had previously announced a $350 million investment in Pakistan’s EV sector, with plans to set up over 3,000 EV charging stations across the country.
Earlier this month, the Pakistani government revealed plans to reduce the power tariff for electric vehicle charging station operators by 45 percent as part of ongoing energy sector reforms aimed at stimulating demand.
The government is also considering introducing financing schemes for e-bikes and converting two- and three-wheeled petrol vehicles to electric.
