Chinese company to invest $350 million for EV and charging stations in Pakistan
Chinese company ADM Group has announced a $350 million investment in Pakistan, supported by the Special Investment Facilitation Council (SIFC). The plan includes establishing over 3,000 EV charging stations nationwide, with 1,000 in Sindh, 1,500 in Punjab, and 750 in Khyber Pakhtunkhwa and Balochistan. Additionally, ADM Group will invest $250 million in an EV manufacturing plant and $90 million in charging infrastructure. The new EVs, with a range of up to 300 kilometers per charge, aim to reduce carbon emissions and lessen Pakistan’s dependence on traditional fuels.
Chinese company ADM Group has unveiled a major investment of $350 million in Pakistan, with backing from the Special Investment Facilitation Council (SIFC).
As part of the initiative, ADM Group plans to establish more than 3,000 electric vehicle (EV) charging stations across the country. The project will see 1,000 stations set up in Sindh, 1,500 in Punjab, and 750 in Khyber Pakhtunkhwa and Balochistan.
In addition, the company will invest $250 million in building an electric vehicle manufacturing plant in Pakistan. A further $90 million will be allocated to develop the necessary charging infrastructure.
The new electric vehicles, capable of traveling up to 300 kilometers on a single charge, are expected to contribute significantly to reducing carbon emissions and decreasing Pakistan’s reliance on traditional fuel sources.
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