The world – slowly but steadily – is moving towards a sustainable future and this means that the automobile shift will be towards emission-free cars. The global market for electric cars will reach 35% in the coming two decades.
Anticipating a huge demand in the humble Pakistani market as well, Rahmat Group is bringing electric cars to Pakistan.
The Group has signed as much as 14 technical collaboration agreements and Memorandum of Understanding (MoU) with different Chinese companies in the recent months. This includes agreements with:
- Electric Power Technology Co,
- Jiangzi Technical Vehicles Manufacturing Co Ltd,
- Jiangsu Fuan Technologies,
- Louyang Xinguang Lithium Science and Technology Co Ltd,
- Zhehang Shangi Tianying Vehicle Industries,
- Yangzhou Daojue New Energy Development Co Ltd,
- Haohong Motors,
- Weifang Shandong Electric Power Technology Co Ltd,
- Shanghai Shenlong Bus Co Ltd,
- Wuxi Shengbao Electric Vehicle Co Ltd, and
- Base Ningbo Foreign Trade Co Ltd.
The agreements include the establishment of Electrical Complex at Nooriabad.
The Electrical Complex
According to Shaukat Qureshi – Chief Operating Officer of Rahmat Group – the Group has already acquired 25 acres of land for the complex. The complex will begin with manufacturing electric/battery powered buses. The company will then enter the two-wheeler electric market as well once it progresses.
As per the reports, Rahmat Group will partner with two Chinese manufacturers to turn its plans into a reality. The COO added:
All arrangements have been firmed up with the partners concerning plants, machinery, and equipment. immediate production would be under SKD followed by CKD as per the localisation program of Auto Policy 2016-2021. However for introduction, immediate imports of the desired units would be conducted within the 3-4 months.
The company also plans to develop lithium batteries for buses, cars and two-wheelers.
The group expects to come up with a model within first 4-6 months after its business initiation. The Rahmat Group has signed two agreements with two different Chinese companies. One company will handle the electric car production while the other will assemble electric vans, trucks etc.
The government recently reduced taxes on electric vehicles and Rahmat Group plans to take the lead in making the most of it.