A Chinese electric vehicle (EV) manufacturer Xinjian Jingyi has unveiled its intentions to set up an EV manufacturing plant in Pakistan, alongside the establishment of showrooms in major cities across the nation.
This significant announcement came to light during a meeting between a delegation from Xinjian Jingyi Cheng Group, led by Assistant Chairman GU Xongquan, and FPCCI Vice President Amin Ullah Baig. GU Xongquan emphasized that the company’s decision to enter the Pakistani market, and its subsequent plans for manufacturing and showroom facilities, are integral components of their long-term business strategy.
GU Xongquan underscored the significance of this move by highlighting that automobiles serve as the primary mode of transportation in Pakistan. He also noted that the escalating global oil prices have led to a substantial surge in gasoline costs. Consequently, this has made it imperative for consumers to explore alternative energy markets and make the shift towards electric vehicles, aligning with the growing global trend toward sustainable and eco-friendly transportation solutions. The proposed venture reflects the company’s strategic vision to tap into Pakistan’s burgeoning EV market, offering consumers a sustainable, cost-effective and an environmentally friendly mobility option in Pakistan.