Int’l Companies to Invest in EV Charging Infrastructure in Pakistan – Here are Details!
Daewoo Express Pakistan, Chinese company Skywell Automobiles and Swiss company Hitachi ABB Power Grids have signed a historic MoU. Under the new deal, these companies would create a strategic alliance for creating a value chain in Pakistan for Electric Vehicles and EV Charging Infrastructure.
The signing ceremony was held in Islamabad today at the residence of Ambassador of Sweden, Henrick Persson. Meanwhile, the event was attended by Governor Punjab Chaudhry Sarwar and envoys of South Korea, Switzerland and Japan. Furthermore, the MoU was signed simultaneously in Pakistan, China, Sweden, and Switzerland via a web-link.
The Signatories:
According to a press release, the top officials of all companies signed the MoU. The press release further said that Daewoo is the largest road transport company in Pakistan, providing service across Pakistan. Meanwhile, Skywell is a high-tech Chinese enterprise integrating research, production, sale and service of new energy vehicles and core components, the PR read.
The Hitachi ABB Power Grids is a Swiss pioneering leader in power grid technology, serving customers in utility, industry, transportation and infrastructure sectors globally. The company is working on the future of electrical power for smarter and greener grids, the PR stated.
What Will Happen?
Under this MOU, Skywell Automobiles China and Daewoo Express Pakistan will collaborate to introduce electric buses and other electric vehicles in Pakistan. Both also create a technical support base in the country with robust charging infrastructure through ABB Hitachi Power Grids.
The Skywell Automobiles will provide its state-of-the-art electric buses for the Pakistan market in Phase-1. Under the Phase-2, the companies will set up a manufacturing plant for producing electric vehicles in Pakistan, as per the statement.
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