Chinese enterprise ADM Group has announced a $350 million investment in Pakistan’s electric vehicle (EV) sector, backed by the Special Investment Facilitation Council (SIFC), according to Radio Pakistan. The initiative aims to develop the EV ecosystem, reduce carbon emissions, and decrease reliance on traditional fuels.
As part of this investment, 3,000 EV charging stations will be established nationwide. The deployment will see 1,000 stations in Sindh, 1,500 in Punjab, and 750 across Khyber Pakhtunkhwa and Balochistan.
Additionally, ADM Group has allocated $250 million to set up an EV manufacturing plant, while another $90 million will be invested in building charging infrastructure.
The new EVs will feature a range of up to 300 kilometers per charge, marking a significant step toward affordable and sustainable transportation.
This move aligns with Pakistan’s policy goal of achieving 30% eco-friendly car sales by 2030, as part of its broader green energy transition.
The initiative builds upon ADM Group’s earlier announcement of a $250 million EV investment, with plans to integrate global resources and manufacturing technologies for locally produced vehicles.
ADM also envisions exporting EVs to Middle Eastern and Asian markets, with potential annual revenue of $900 million.
ADM Group CEO Yasir Bhambhani previously highlighted the two-phase approach: establishing a nationwide EV charging network, followed by the manufacturing of vehicles.
The plant is expected to produce 72,000 units annually, ranging from economical hatchbacks to luxury sedans and commercial vans.
This latest investment underscores ADM’s commitment to Pakistan’s EV sector, supporting government initiatives to cut carbon emissions and promote green energy solutions.
While the EV market continues to grow globally—with sales exceeding 10 million units in 2022—Pakistan’s proactive approach could position it as a competitive player in the region.
ADM’s strategic efforts complement Pakistan’s broader push for sustainability, enhancing connectivity through EV charging networks and fostering economic growth in the renewable energy sector.
