Chinese ADM Group announces investment of $350m in Pakistan

ISLAMABAD: A Chinese corporation, ADM Group, has revealed plans to invest a substantial sum of $350 million in Pakistan, facilitated by the Special Investment Facilitation Council.

As part of this project, more than 3,000 electric vehicle charging stations will be installed across the country.Pakistan attracts Chinese investments in Textile

Among these, 1,000 charging stations will be established in Sindh, 1,500 in Punjab, and 750 in Khyber Pakhtunkhwa and Balochistan.

The ADM Group intends to dedicate $250 million towards setting up a manufacturing facility for electric vehicles in Pakistan.

Additionally, the company will invest $90 million in building the required charging infrastructure.

These electric vehicles, designed to travel up to 300 kilometers on a single charge, are expected to contribute to lowering carbon emissions and reducing the nation’s reliance on traditional fuel sources.