Report by Engineering Post
A Chinese company Dongin Group to establish a dry battery manufacturing facility through an investment of $ 15 million in Allama Iqbal Industrial City near Faisalabad for catering to increasing demand owing to electricity vehicles and solar energy systems.
An agreement for the upcoming Chinese investment by Dongjin Group has since been signed with the Punjab Board of Investment and Trade.
Dongjin Group’s factory, on being established in due course of time, was expected to support Electric Vehicles (EVs) and Solar Battery demand under Pakistan’s Battery Manufacturing Policy 2026-31. The Chinese company has been given 10 years of Income Tax holiday and also one time exemption from the payment of customs duties.
Official sources concerned have expressed the hope that the project on being established and going into production was expected to lead to industrial and economic activity, while also supporting technology transfer in the country and the manufacturing facility would also be benefitting related industries such as electronics, automotive components, packaging, chemicals and Engineering support services besides creating good number of employment opportunities for Faisalabad and adjoining areas residents.
Furthermore, the stakeholders in the automobile and solar sectors have opined that the establishment of an advanced battery manufacturing facility by the Chinese company will be helpful in meeting increasing domestic demand for batteries used in renewable energy and electric vehicles systems in Pakistan.
