Air Link Communication Limited (PSX: AIRLINK) has approved plans to enter Pakistan’s electric vehicle market by launching an electric bike manufacturing project under its new AirV brand. The decision was approved by the company’s board of directors during a meeting held on July 23.
The company said it will establish an advanced electric bike assembly plant at its manufacturing facility in the Sundar Green Special Economic Zone (SGSEZ), Lahore.
According to Air Link, the project is part of its long-term strategy to diversify its manufacturing portfolio into technology-driven mobility solutions while capitalizing on the growing demand for electric vehicles in Pakistan.
The board has also authorized the company’s management to complete all necessary regulatory, commercial, and operational requirements for implementing the project.
The announcement was made through a material information disclosure submitted to the Pakistan Stock Exchange (PSX) under Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Regulations.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
