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A Chinese state-owned automobile company, JAC Motors, is now planning to bring electric cars in Pakistan. Talking to Associated Press of Pakistan, the Deputy Chief Economic Manager David Zhang confirmed the news about the company’s plan. He expressed his confidence in the current economic situation of Pakistan and said,
“We are planning to introduce new energy vehicles particularly electric cars in the Pakistani market under a long-term development programme in the future. With more improvement in the economy and fundamental structure ready, we will have an opportunity to take our electric car into Pakistani market. The performance of our products in the local market has been very good and we will expand our lines of production from medium to heavy-duty trucks in near future.”
Also Read: Govt asks a China-based company to set up a solar manufacturing plant in Pakistan.
The company believes that Pakistan’s economy is now flourishing and there can be more improvement with better infrastructure. They plan to make an automobile manufacturing plant for electric cars in Pakistan to expand its production line. Since there is a huge price cut in electric cars and it seems an inexpensive alternative for the people of Pakistan, JAC Motors wants to take advantage of this market gap and introduce the first ever electric cars in the country.
The automobile company has already set up a factory to locally manufacture trucks and is also exporting products such as light and mini trucks to Pakistan. Pak-China friendship has given the company, an opportunity to work together with the government of Pakistan and bring investment to the country under the China Pakistan Economic Corridor (CPEC).
See Also: Pakistan to get $8 billion loans from China to upgrade Railways.
CPEC is a mega-scale economic project that was launched between Pakistan and China two years ago. The corridor which will cross through Pakistan will work on developing the Pakistani infrastructure.
JAC Motors began exporting its vehicles back in 1990 to a country named Bolivia and since then the company has subsequently sold cars in over hundred countries. JAC Motors also exports car parts and assemble them in their respective countries such as Ethiopia, Egypt, Mexico, and Iran.
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