ADM Group to Invest in Pakistan for Electric Vehicle

ADM Group to Invest in Pakistan for Electric Vehicle

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ADM Group to Invest $250 Million in Pakistan for Electric Vehicle Manufacturing

Yasir Bhambhani, CEO of ADM Group, disclosed intentions to invest $250 million in Pakistan to produce electric cars.

In a meeting with Federal Minister for Industries and Production Rana Tanveer Hussain, Bhambhani presented the project’s two-phase strategy, which entails building an electric vehicle manufacturing network first and then a network for charging them.

 

The new electric cars will have a 300-kilometer range between charges.

In addition to stressing the government’s dedication to encouraging foreign investment, Minister Hussain outlined the financial and ecological advantages of electric cars, such as their lower costs and improved fuel economy.

 

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