- Web Desk
- 8 Hours ago
Chinese electric car manufacturer to establish EV plant, showrooms in Pakistan
- Web Desk
- Sep 18, 2023
KARACHI: A prominent Chinese electric car manufacturing company, XinjianJingyi Cheng Group, has revealed plans to set up an electric vehicle (EV) plant in Pakistan, accompanied by a network of showrooms in major cities across the country.
This announcement was made during a meeting between a delegation from XinjianJingyi Cheng Group, led by its assistant chairman, GU Xongquan, and FPCCI Vice President Amin Ullah Baig.
Mr. Baig, who also serves as the Chairman of the FPCCI Capital Office, engaged in a comprehensive discussion with the Chinese delegation regarding the investment landscape in Pakistan. Mr. GU expressed that venturing into the Pakistani market, establishing a manufacturing unit, and opening showrooms align with the company’s interests and long-term business strategy.
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XinjianJingyi Cheng Group operates across five industries: electromechanical and hydraulic, light power, vehicle manufacturing, international trade, and production and service. Mr. GU highlighted that cars are the primary mode of transportation in Pakistan, and the recent surge in global oil prices has led to a substantial rise in gasoline costs. Consequently, there is a growing need for consumers to transition to the new energy market.
He emphasized that, over the long term, electric vehicles offer substantial fuel cost savings compared to gasoline-powered vehicles. XinjianJingyi Cheng Group places a strong emphasis on innovation and the development of automobiles, leveraging modern technology and resource integration.
Mr. Baig encouraged the Chinese firm’s delegation to expedite their investment plans, emphasizing the mutual benefits it could bring. He noted that Chinese auto brands already operating in Pakistan enjoy popularity among the masses, and China is at the forefront of developing key technologies for electric vehicles.