Chinese investors eye Pakistan's EV sector

Express interest in assembly, battery manufacturing as govt finalises EV Battery Policy

ISLAMABAD:

Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan held a series of one?on?one business?to?business meetings with leading Chinese and Pakistani companies to promote industrial collaboration, investment and technology transfer in Pakistan, according to a statement issued by the Ministry of Industries and Production.

Khan said Prime Minister Shehbaz Sharif's vision is to transform memorandums of understanding (MoUs) and agreements into practical implementation, and the government has been working day and night to ensure effective follow?up and execution.

The SAPM highlighted that Chinese investors expressed keen interest in investing in Pakistan's electric vehicle (EV) sector, including the assembly and eventual local manufacturing of EVs, EV batteries and advanced energy storage batteries. The government is finalising an EV Battery Policy, which will be rolled out soon to facilitate investment, local manufacturing and technological advancement in the sector, said Khan.

Khan assured stakeholders of complete follow?up on MoU signings and joint ventures, emphasising the government's commitment to creating a business?friendly environment. Chinese investment in Pakistan would generate significant economic benefits, strengthen local manufacturing and create new employment opportunities.

The government aims to promote local manufacturing and introduce modern lithium?ion and sodium?ion battery technologies for industrial as well as everyday use across Pakistan. Practical steps are being taken to promote advanced battery technologies and the EV industry, Khan added, noting that industrial cooperation between Pakistan and China is evolving into a new era of economic partnership.