Islamabad: Foreign company ADM has announced to invest 250 million dollars in the production of electric vehicles in Pakistan.
An important development in the production of electric vehicles has come to light in Pakistan, Federal Minister of Industry and Production Rana Tanveer Hussain has met with the Chief Executive Officer of ADM Group, after which the announcement of the meeting was issued.
The statement said that ADM Company will invest 250 million dollars in the production of electric vehicles in Pakistan.
Federal Minister Rana Tanveer Hussain said that the country is ready to facilitate foreign direct investment, the Ministry of Industry and Production will provide full cooperation with the relevant stakeholders, to focus on green energy. Because electric vehicles have become a reality.
Rana Tanveer Hussain said that electric vehicles are cheaper than other vehicles, electric vehicles will save fuel, according to the plan, charging network stations will be established in the first phase and production of electric vehicles will start in the second phase. will
The electric vehicle will cover a distance of 300 km on a single charge.
