Chinese company ADM Group has unveiled a major investment of $350 million in Pakistan, with backing from the Special Investment Facilitation Council (SIFC).
As part of the initiative, ADM Group plans to establish more than 3,000 electric vehicle (EV) charging stations across the country. The project will see 1,000 stations set up in Sindh, 1,500 in Punjab, and 750 in Khyber Pakhtunkhwa and Balochistan.
In addition, the company will invest $250 million in building an electric vehicle manufacturing plant in Pakistan. A further $90 million will be allocated to develop the necessary charging infrastructure.
The new electric vehicles, capable of traveling up to 300 kilometers on a single charge, are expected to contribute significantly to reducing carbon emissions and decreasing Pakistan’s reliance on traditional fuel sources.