Rahmat Group have signed an agreement with BYD– China’s largest electric vehicle maker for assembly and manufacturing of electric vehicles (EVs) in Pakistan. According to available information, various EVs including buses, passenger cars, vans, batteries, chargers and related components will not only be made for Pakistani market, but will serve the region as well.
According to Shaukat Qureshi, CEO of Rahmat Group, the company has also shared the advantages of EVs with the Prime Minister of Pakistan, Imran Khan via a letter. As per which the EVs would primarily benefit motorbike owners, who will be able to save up to Rs 4,000 a month on account of fuel costs, alongside zero maintenance. Small passenger cars and LCV owners would be able to save up to Rs 25,000 per month followed by coaches and buses which will see Rs 300,000 to up to 500,000 savings per month. The EVs also produce zero emissions which is a big bonus to tackle environmental pollution concerns.
Backed by US billionaire Warren Buffet, BYD has footprints spanning over 6 continents, 50 countries and more than 200 cities across the world, with largest market share in the USA, followed by Europe. BYD has over 40 manufacturing sites, with a workforce of 230,000+ employees worldwide.
Shaukat Qureshi further added that BYD intends to set up charging stations in collaboration with Total Parco. Last year, Rahmat Group signed at least 14 MoUs and technical collaboration agreements with various Chinese companies to establish Electrical Complex at Nooriabad. The company will also develop two wheelers through MOUs with other companies.