Chinese firm to set up electric car plant in Punjab
Letin Auto, or Levdeo Automobile Group, had its Chinese bankruptcy proceedings completed in 2023 and reorganized in 2024.
General Manager Xu Zhen led a 15-member delegation to meet Punjab’s Minister for Industries and Commerce, Chaudhry Shafay Hussain, in Lahore to negotiate the project and potential incentives.
The minister pledged complete support of the provincial government, mentioning that investors in Special Economic Zones would enjoy a 10-year tax holiday on income and duty-free import of machinery.
Hussain mentioned that the new investment not only secured the economy of Punjab but also produced employment opportunities.
He further added that the government was focusing on clean mobility, with Punjab targeting to spearhead Pakistan’s transition to EVs.
Letin Auto, or Levdeo Automobile Group, had its Chinese bankruptcy proceedings completed in 2023 and reorganized in 2024.
It is thought by industry observers that the company is now looking for new markets, with Pakistan providing incentives and an export base backed by relatively low U.S. tariffs of 19 percent.
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The company is among other automakers, such as BYD, Changan, and MG, which are investing or expanding electric vehicle business in Pakistan.
Analysts say the increased interest demonstrates the industry’s long-term outlook despite increasing fuel prices and supportive policies.
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