A Chinese electric car company called XinjianJingyi Cheng Group has announced that they will be setting up an electric vehicle (EV) plant in Pakistan and opening showrooms in major cities. The company’s assistant chairman, GU Xongquan, made this announcement during a meeting with Amin Ullah Baig, who is the Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). They discussed the investment opportunities in Pakistan, and Mr. GU stated that entering the Pakistani market and establishing manufacturing units and showrooms aligns with the company’s long-term business plan. The XinjianJingyi Cheng Group is involved in various industries, including electromechanical and hydraulic, light power, vehicle, international trade, and production and service. Mr. GU mentioned that cars are the main form of transportation in Pakistan, and as global oil prices rise, electric cars become more attractive due to their fuel efficiency. Mr. Baig urged the Chinese firm to expedite their investment plans, as Chinese auto brands in Pakistan are popular, and China is a leader in electric vehicle technologies.
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