China to set up Electric Vehicles plant in Pakistan
Pakistan’s Daewoo Express and China’s Skywell Automobile have signed a Strategic Alliance Agreement, under which Skywell Automobile will provide its state-of-the-art electric buses for the Pakistani market in Phase-1, and in Phase 2, shall set up a manufacturing plant to produce EVs in Pakistan. The production of these vehicles in Pakistan would be sustainable since it would save costs involved in importing them from China.
ISLAMABAD: Pak-China cooperation in Electric Vehicles (EVs) is quite promising as it is beneficial for both the countries, according to a report published by Gwadar Pro.
Pakistan’s Daewoo Express and China’s Skywell Automobile have signed a Strategic Alliance Agreement, under which Skywell Automobile will provide its state-of-the-art electric buses for the Pakistani market in Phase-1, and in Phase 2, shall set up a manufacturing plant to produce EVs in Pakistan.
The report says, given the high cost of importing EVs, it’s necessary and mutually beneficial to establish local manufacturing plants in Pakistan.
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