{"id":356441,"date":"2023-09-17T10:10:22","date_gmt":"2023-09-17T05:10:22","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=356441"},"modified":"2023-09-17T10:10:22","modified_gmt":"2023-09-17T05:10:22","slug":"chinese-firm-to-establish-ev-plant-in-pakistan","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/chinese-firm-to-establish-ev-plant-in-pakistan\/","title":{"rendered":"Chinese firm to establish EV plant in Pakistan"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nA Chinese electric car manufacturer has announced establishing an electric vehicle (EV) plant in Pakistan and showrooms in major cities of the country, it emerged on Saturday.<br \/>\nThe announcement was made by a delegation of XinjianJingyi Cheng Group, led by its assistant chairman GU Xongquan, during a meeting with FPCCI Vice President Amin Ullah Baig.<br \/>\nMr GU said entering the Pakistani market and setting up a manufacturing unit and showrooms was in the interest of the company and part of its long-term business plan.<br \/>\nMr GU said cars were the main means of transport in Pakistan, while the rising global oil prices have led to a sharp increase in gasoline prices, making it imperative for consumers to switch to new energy markets.<br \/>\nMr Baig asked the Chinese firm\u2019s delegation to expedite their investment plans which will be mutually beneficial.<br \/>\nXinjian Jingyi Cheng Group operates in five main industries, namely; Electromechanical and hydraulic, Light power, Vehicle, International commerce and Production and services.<br \/>\nLast year in May, the \u2018Gauss Auto Group,\u2019 another Chinese corporation, had announced to construct electric vehicle (EV) plant in Pakistan\u2019s special economic zone near Port Qasim in Karachi.<br \/>\nThe company would enter into a Joint Venture (JV) with AKD Group Holdings (Pvt.) limited and set up the plant near Port Qasim, Karachi on around 1000 acres of land.<br \/>\nThe development comes after a delegation led by Mr. Chen Feng, CEO Gauss Auto Group and CEO AKD Group Holding, Mr. Nasir Rizwan visited the Board of Investment (BOI) and held a detailed meeting with the Federal Minister Board of Investment Chaudhry Salik Hussain and Secretary BOI Ms. Fareena Mazhar. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD A Chinese electric car manufacturer has announced establishing an electric vehicle (EV) plant in Pakistan and showrooms in major cities of the country, it emerged on Saturday. The announcement was made by a delegation of XinjianJingyi Cheng Group, led by its assistant chairman GU Xongquan, during a meeting with FPCCI Vice President Amin Ullah [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":356466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":{"0":"post-356441","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chinese firm to establish EV plant in Pakistan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/chinese-firm-to-establish-ev-plant-in-pakistan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese firm to establish EV plant in Pakistan\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD A Chinese electric car manufacturer has announced establishing an electric vehicle (EV) plant in Pakistan and showrooms in major cities of the country, it emerged on Saturday. 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