In Pakistan, the Gauss Auto Group, a Chinese company, has announced plans to build an electric vehicle (EV) plant at Port Qasim in Karachi’s special economic zone.
The company would form a joint venture (JV) with AKD Group Holdings (Pvt.) limited to build the facility at Port Qasim, Karachi, over an area of about 1000 acres.
To finalize arrangements, the delegation met with Federal Minister of Board of Investment Chaudhry Salik Hussain and Secretary of the Board of Investment Fareena Mazhar.
The delegation also stated their plan to export their locally built electric vehicles from Pakistan to other countries, according to officials.
The news comes after a delegation led by Mr. Chen Feng, CEO of Gauss Auto Group, and Mr. Nasir Rizwan, CEO of AKD Group Holding, visited the Board of Investment (BOI) and met with Federal Minister Chaudhry Salik Hussain and Secretary BOI Ms. Fareena Mazhar.
Gauss Auto specializes on vehicle invention and development, as well as resource integration. It is based in Shanghai, China, and is registered in Silicon Valley, California.
The British CCA firm, which supplied engines for the First World War 120 years ago, is their partner. Engineers, designers, and marketing professionals in the field of new energy cars from Audi, Ford, Tesla, and the US Department of Energy, as well as RML, German EDAG, Italian IDG, and other well-known vehicle styling design, engineering development, and manufacturing firms.
It is dedicated to establishing a “global new energy vehicle industry ecosystem” centered on worldwide users and establishing itself as a global leader in new energy-smart vehicles.
The delegation was educated on Pakistan’s recently announced Electric Vehicle Policy, which helps both existing and new manufacturers.