Islamabad, Aug 15: ADM Group has announced an investment of 250 million dollars for the manufacturing of electric vehicles in Pakistan.This understanding was reached at a meeting between Minister for Industries and Production Rana Tanveer Hussain and the Chief Executive Officer of the ADM Group in Islamabad today.
The CEO of ADM Group briefed the Minister that charging network stations will be established in the first phase of the project, while manufacturing of the electric vehicles will commence in the second phase. He informed that an electric vehicle can cover a distance of 300 kilometers on one charge.
The Minister, on the occasion, assured all possible facilitation to attract Foreign Direct Investment. He said electric vehicles have become a reality due to the focus on green energy. He said these vehicles are cheaper than other automobiles.
