Rahmat Group has signed an agreement with the leading Chinese electric vehicle company, BYD for the assembling of EVs in Pakistan.
The automobile sector of Pakistan has yet again achieved a milestone, and this time it’s the electric vehicles coming in the country. After observing the enormous popularity of electric vehicles around the globe, several investors in Pakistan are keen to bring the technology in the country. Rahmat Group, in this regard, has made a deal with BYD for the assembling and to some extent manufacturing of electric vehicles in the country.
The Joint Venture between the two companies is a massive breakthrough in the auto sector of Pakistan. The Chinese manufacturer will be assembling cars, vans, coaches, buses, and not to forget batteries, chargers, and other similarly associated products. According to Shaukat Qureshi, CEO of Rahmat Group, the company has also shared the benefits of EVs with the Prime Minister of Pakistan, Imran Khan through a letter.
The details of the letter shared include the huge amount of money people can save through EVs. All the motorbike owners of the country can save up to Rs.4000 every month. Similarly, anyone using a car or light commercial vehicle (LCV) can save nearly Rs.25, 000 to 30, 000 per month. Electric vehicles require no fuel on top of the benefit of zero maintenance cost which saves a good amount of money to the general public. In addition to this, a saving of Rs.300, 000-500, 000 can be achieved every month on the use of buses or coaches. It is worthy to mention here that EVs also save the environment from pollution and global warming, as a result of no fuel emissions which is the basic need of the hour in Pakistan.
CEO Rahmat Group further added that BYD has a huge network across the globe. The company is currently operating in more than 200 cities of over 50 countries in 6 continents of the world. However, the Chinese electric vehicle manufacturer has the largest market share in the US with Europe in the second place. BYD has a massive workforce of 230, 000 employees in 30 branches of over 40 vehicle manufacturing sites. The repute of the manufacturer can be reckoned easily as it’s among the 15 companies in the world that aspire to bring revolution in the automobile industry. BYD will also set up charging stations in Pakistan in collaboration with Total Parco, a leading oil company in the country.
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