Pakistani, Chinese firms sign deal to boost electric vehicle production
A leading Chinese automotive company, Shanghai Launch Automotive Technology Co., Ltd. (LAUNCH), signed an MoU with Pakistan’s Yousuf Dewan Companies (YDC) in Beijing on February 22 to introduce advanced electric vehicle (EV) technology and boost local production. The agreement includes setting up a completely knocked-down (CKD) assembly operation for battery electric vehicles (BEVs) and developing right-hand and left-hand drive models for both domestic and export markets. This partnership aims to drive EV adoption in Pakistan, enhance battery life cycle management, and explore a joint venture for large-scale BEV manufacturing, aligning with the country’s push for clean transportation and sustainable mobility.
ISLAMABAD (Web Desk) – A leading Chinese automotive company signed an agreement with a Pakistani firm this week to introduce advanced electric vehicle (EV) technology in Pakistan and scale up domestic production, media reported.
The memorandum of understanding (MoU) was signed on February 22 in Beijing between Shanghai Launch Automotive Technology Co., Ltd. (LAUNCH) and Yousuf Dewan Companies (YDC), a pioneer in EV assembly in Pakistan.
The deal is part of broader cooperation between Pakistan and China in technology and industrial development, following recent efforts to enhance investment and collaboration in the automotive sector.
YDC, which has been active in Pakistan’s automobile industry, will work with LAUNCH, a Chinese firm specializing in EV technology, to develop vehicles for Pakistan using LAUNCH’s expertise in design and innovation.
The agreement also includes setting up a completely knocked-down (CKD) assembly operation for battery electric vehicles (BEVs), producing both right-hand drive and left-hand drive models for domestic sales and exports.
“This agreement marks a significant step toward bringing advanced electric vehicle (EV) technology to Pakistan and promoting sustainable mobility solutions in the region,” the Associated Press of Pakistan (APP) news agency reported.
“The cooperation includes the creation of a technology partnership focused on EV innovation, battery life cycle management and recycling solutions, as well as exploring a joint venture for manufacturing and scaling BEV production in Pakistan,” it added.
The partnership is expected to drive EV adoption in Pakistan and contribute to the country’s sustainable energy and mobility goals, aligning with broader government efforts to promote clean transportation.
CPEC 2.0 should focus on building intellectual infrastructure in Pakistan: Experts
ISLAMABAD, Feb 25 (APP):The Institute of Regional Studies (IRS) on Tuesday hosted a consul…