Chinese group to set up EV plant

In Pakistan, Chines based corporation ‘Gauss Auto Group,’ has announced to establish of an electric vehicle (EV) plant in Pakistan’s special economic zone near Port Qasim in Karachi.

The 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.

The 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.

https://twitter.com/investinpak/status/1527269162388701185

Gauss Auto focuses on innovation and development of automobiles as well as integration of resources. It is registered in Silicon Valley, California, and operates in Shanghai, China.

Secretary BOI briefed the delegation about Pakistan’s recently launched Electric Vehicle policy which offers benefits to both; existing and new manufacturers.

It is pertinent to mention here that the federal cabinet on Dec.22, 2021, had approved Pakistan’s first Electric Vehicle Policy.