Chinese EV makers optimistic about Pakistan’s industry

Industry insiders believe EV will enter rapid development phase in near future


December 02, 2022
PHOTO: REUTERS/FILE

LAHORE:

Driven by market demand and favourable national policies, a growing number of Chinese electric vehicle companies have come to Pakistan to invest and start their business as some local companies have also started manufacturing electric motorcycle products.

Industry insiders are confident that electric vehicles in Pakistan will enter a phase of rapid development in the near future.

According to Muhammad Yousuf Shaikh, Founder and Chairman of Pakistan-China Motorcycle Industry Council (PCMIC), Pakistan has produced more than 2.5 million motorcycles annually in recent years, but most of them are older models. The electric motorcycle industry will bring changes to Pakistan’s motorcycle industry.

In the spirit of sharing the significant breakthrough of China’s new energy, Jialing Industrial Co Ltd China established a branch in Pakistan last month to focus on the introduction of new energy-pure electric motorcycles instead of traditional fuel-run bikes.

Yao Zhen, the responsible person for Jialing Pakistan, told the China Economic Net in an interview that Pakistan is a country, where motorcycles are the main means of transport.

Rising global oil prices have led to a sharp increase in gasoline prices, making it imperative for consumers to switch to new energy markets. The price of a pure electric motorcycle is higher than that of a conventional petrol motorcycle. “However, in the long run, electric motorcycles save much more fuel cost than petrol run motorcycles,” Yao added.

Currently, power shortages, incomplete charging facilities, and insufficient production of electric vehicle parts in Pakistan are major challenges confronting Jialing in building a local plant.

THE ARTICLE ORIGINALLY APPEARED ON THE CHINA ECONOMIC NET

 

Published in The Express Tribune, December 2nd, 2022.

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