Chinese company ADM Group has announced a major investment of $350 million in Pakistan with the support of the Special Investment Facilitation Council (SIFC).
As part of the initiative, ADM Group plans to set up more than 3,000 electric vehicle (EV) charging stations across the country. Under this project, 1,000 stations will be established 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. Another $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 play a major role in reducing carbon emissions and reducing Pakistan’s dependence on conventional fuel sources.