Key Takeaways
- China’s G-Force Group and a local company will establish an electric bike manufacturing plant in Punjab.
- The plant will be located at Quaid-e-Azam Business Park in Sheikhupura.
- The agreement was signed at PISC House in Lahore.
China’s G-Force Group has entered into a joint venture with a local electric vehicle (EV) company to manufacture and trade EV products in Punjab, Pakistan.
The local company will establish an electric bike manufacturing plant at Quaid-e-Azam Business Park in Sheikhupura, while G-Force Group will set up a plant to manufacture batteries and EV charging stations in the province.
Provincial Minister for Industries and Commerce Chaudhry Shafay Hussain attended the signing ceremony at PISC House on Davis Road in Lahore as the chief guest.
G-Force Group China Director Zhang Rui and local company Chairman Dr. Muhammad Amjad signed the agreement during the ceremony.
Hussain highlighted the Punjab government’s focus on expanding the EV sector under the chief minister’s leadership, noting that several electric two-wheeler factories are already operating in the province.
He also mentioned that other local and foreign companies are establishing manufacturing facilities, and electric bikes could gradually replace petrol-powered motorcycles in the coming years, helping reduce noise and air pollution.
The minister emphasized investment opportunities in Punjab’s special economic zones and encouraged Chinese investors to establish EV charging station manufacturing plants in the province.
Hussain stated that the joint venture would bring new investment to Punjab and create employment opportunities, further strengthening economic cooperation between Pakistan and China.
