Rahmat Group Is All Set For The Launching Of Electric Cars In Pakistan This Year - Insight Trending

Rahmat Group Is All Set For The Launching Of Electric Cars In Pakistan This Year

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Rahmat Group is all set for the launching of electric cars in pakistan this year
In the budget 2018-19, the government has given many incentives for electric vehicles. And to take advantage of these incentives, Several Memorandum of Understandings (MoUs) have been signed between Rahmat Group and various Chinese companies for the launch of electric vehicles in Pakistan. 25 acres of land has been acquired by Rahmat Group for the construction of electric complex at Nooriabad. Initially, electric buses will be launched to knock at the electric transport market of Pakistan. Then in the next stage, a manufacturing plant will be set up to launch electric vehicles and two-wheelers.

The group is submitting an application to the Board of Investment and Ministry of Industries. And after the approval, the companies will haste to introduce vehicles. At first, CBU units will be imported for introduction within 3-4 months.

A COO of Rahmat group added,

All arrangements have been firmed up with the partners concerning plants, machinery, and equipment. immediate production would be under SKD followed by CKD as per the localisation program of Auto Policy 2016-2021. However for introduction, immediate imports of the desired units would be conducted within the 3-4 months.

Rahmat Group is not the only company to launch electric vehicles in Pakistan, JAC Motors has also announced to introduce electric vehicles in the country soon. The government recently reduced taxes on electric vehicles and Rahmat Group plans to take the lead in making the best of it.

The Group has signed as much as 14 technical collaboration agreements and Memorandum of Understanding (MoU) with different Chinese companies in the recent months. This includes agreements with:
  • Electric Power Technology Co,
  • Jiangzi Technical Vehicles Manufacturing Co Ltd,
  • Jiangsu Fuan Technologies,
  • Louyang Xinguang Lithium Science and Technology Co Ltd,
  • Zhehang Shangi Tianying Vehicle Industries,
  • Yangzhou Daojue New Energy Development Co Ltd,
  • Haohong Motors,
  • Weifang Shandong Electric Power Technology Co Ltd,
  • Shanghai Shenlong Bus Co Ltd,
  • Wuxi Shengbao Electric Vehicle Co Ltd, and
  • Base Ningbo Foreign Trade Co Ltd.
The agreements include the establishment of Electrical Complex at Nooriabad.

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