Key Takeaways
- Millat Industrial Products Limited signed an agreement with China’s XDAO for electric motorcycle localization.
- The deal includes technology transfer and localization of major components.
- The initiative aligns with Pakistan’s electrification policy and aims to reduce import bill.
Millat Industrial Products Limited, a subsidiary of Millat Tractors Limited, has entered into a strategic partnership with China’s Xiao Dao (XDAO) to accelerate the localization of electric motorcycles in Pakistan.
According to Sikander Mustafa Khan, Chairman of the Millat Group of Industries, the agreement encompasses technology transfer, particularly in lithium iron phosphate (LFP) battery technology, and the localization of major components and parts.
This collaboration is in line with the Prime Minister of Pakistan’s electrification policy and is expected to help reduce the country’s import bill by promoting local manufacturing and conserving foreign exchange.
Millat plans to leverage this partnership to accelerate the localization of electric motorcycles and subsequently export localized products to international markets, contributing to Pakistan’s industrial development and export growth.
The Engineering Development Board (EDB) has provided significant support throughout the process, facilitating the advancement of the project.
Through this collaboration, Millat aims to combine international technology with Pakistan’s manufacturing capabilities to build a sustainable electric mobility ecosystem and strengthen the country’s engineering and automotive industry.
The initiative is expected to contribute to the reduction of reliance on imported components and the promotion of local manufacturing, aligning with the broader goals of industrial development and export growth.
