ADM Group to invest $250m in Pakistan’s electric vehicle manufacturing
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
A major milestone has emerged for Pakistan’s automobile industry, as ADM Group has announced a $250 million investment for the manufacturing of electric vehicles in Pakistan.
This understanding was reached at a meeting between Minister for Industries and Production Rana Tanveer Hussain and the Chief Executive Officer of the ADM Group in Islamabad today, as reported by the Information Ministry.
The CEO of ADM Group briefed the Minister that charging network stations will be established in the first phase of the project, while manufacturing of the electric vehicles will commence in the second phase.
He informed me that an electric vehicle can cover a distance of 300 kilometers on one charge.
The Minister, on the occasion, assured all possible facilitation to attract Foreign Direct Investment.
He said electric vehicles have become a reality due to the focus on green energy and are cheaper than other automobiles.
Reference Link:- https://mettisglobal.news/adm-group-to-invest-250m-in-pakistans-electric-vehicle-manufacturing/
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
