China’s ADM Group has pledged a substantial $250 million investment to kickstart electric vehicle (EV) manufacturing in Pakistan. The investment deal was sealed during a meeting in Islamabad between Rana Tanveer Hussain, Pakistan’s Minister for Industries and Production, and the CEO of ADM Group.
As reported by the Ministry of Information, the discussion highlighted Pakistan’s strategic potential to become a hub for EV production, aligning with the country’s objectives for advancing green energy initiatives.
In addition to manufacturing, ADM Group plans to roll out a network of EV charging stations across Pakistan over the next three to five years. This essential infrastructure will lay the groundwork for subsequent EV manufacturing phases, ensuring the country is prepared to embrace the widespread adoption of electric vehicles.
The CEO of ADM Group emphasized that their upcoming electric vehicles will have a range of up to 300 kilometers on a single charge, addressing a critical concern for potential EV users—range anxiety.
Minister Hussain reiterated the government’s dedication to encouraging foreign direct investment (FDI) in Pakistan’s burgeoning EV sector. He pointed out that the transition to electric vehicles is crucial for lowering carbon emissions and making transportation more economical for consumers.
