Chinese Firm Signs Joint Venture to Set Up EV Plants in Punjab

China’s G-Force Group has signed a joint venture agreement with a local electric vehicle (EV) company to manufacture and trade EV products in Punjab. Under the agreement, the local company will establish an electric bike manufacturing plant at Quaid-e-Azam Business Park in Sheikhupura, while G-Force Group will set up a plant to manufacture batteries and EV charging stations in the province.

Signing Ceremony

Provincial Minister for Industries and Commerce Chaudhry Shafay Hussain attended the signing ceremony at PISC House on Davis Road in Lahore as chief guest. G-Force Group China Director Zhang Rui and the local company’s chairman, Dr Muhammad Amjad, signed the agreement.

Minister’s Remarks

• The Punjab government is focusing on expanding the EV sector under the Chief Minister’s leadership, and several electric two-wheeler factories are already operating in the province, with other local and foreign companies setting up facilities.

• Electric bikes could gradually replace petrol-powered motorcycles in the coming years, helping reduce noise and air pollution.

• He highlighted investment opportunities in Punjab’s special economic zones and urged Chinese investors to establish EV charging station manufacturing plants in the province.

• The joint venture will bring new investment and create jobs, and growing Chinese investment is strengthening economic cooperation between Pakistan and China.