PESHAWAR
The Khyber Pakhtunkhwa Board of Investment and Trade and China’s ADM International Trading Company inked a Memorandum of Understanding (MoU) to foster strategic collaboration.
The agreement signed during the China Innovation Summit and Digital Economy Tour, said a statement issued here on Friday.
The focus of the agreement is on jointly establishing Electric Vehicle (EV) charging, assembly, and manufacturing infrastructure in KP. This initiative, part of the CAREC-led efforts for cooperation in e-commerce and electronics, aligns with the goals of the Automotive Policy 2021–26.
ADM aims to provide cutting-edge EV services by creating a nationwide charging network and establishing assembly and manufacturing facilities for EVs and related products in Pakistan.
The partnership, as described by KP-BoIT Director Iqbal Sarwar, not only supports the province’s Sustainable Development Goals but also presents significant opportunities for EV investors, marking a substantial step towards reducing imports.
