Punjab is set to welcome new foreign investment as China’s Letin Auto Group has announced plans to build a small Electric Car Factory in Punjab. A 15-member delegation, led by General Manager Xu Zhen, met with Punjab’s Minister for Industries and Commerce, Chaudhry Shafay Hussain, in Lahore to discuss the project and possible government support.
During the meeting, the minister assured the group of full cooperation, highlighting that investors operating in Special Economic Zones would enjoy a 10-year income tax holiday along with duty-free import of machinery. He stressed that such initiatives will not only create jobs but also help Punjab emerge as a leader in Pakistan’s electric vehicle transition.
Letin Auto, also known as Levdeo Automobile Group, faced bankruptcy in China in 2023 but was reorganized in 2024. Analysts say the company is now looking for new opportunities, and Pakistan provides both an attractive investment climate and a potential export base, thanks to lower U.S. tariffs of 19 percent.
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With the planned Electric Car Factory Punjab, Letin Auto will join global automakers like BYD, Changan and MG, who are also investing in Pakistan EV sector. Experts believe the rising interest from international companies shows the long-term potential of electric mobility especially as fuel costs climb and government policies turn more favorable.
