Geely and HRL Engineering Launch Pakistan’s First Commercial New Energy Vehicle Project
The partnership will introduce modern electric commercial vehicles, including New Energy Buses (NEV Buses), Light Commercial Vehicles (LCVs), and Heavy Duty Trucks (HDTs
ISLAMABAD: In a significant milestone for Pakistan’s automotive industry, Chinese auto giant Geely and HRL Engineering have announced a strategic joint venture to launch the country’s first commercial New Energy Vehicle (NEV) CKD and CBU project.
Strategic Vision: Embracing a Greener and Sustainable Future
The initiative aligns with the Government of Pakistan’s vision for clean energy and electric mobility, aiming to reduce carbon emissions, fuel dependency, and transportation costs. The joint venture will accelerate the widespread adoption of New Energy Vehicles (NEVs) in Pakistan’s businesses, logistics, and public transport systems.
Key Highlights
– The partnership will introduce modern electric commercial vehicles, including New Energy Buses (NEV Buses), Light Commercial Vehicles (LCVs), and Heavy Duty Trucks (HDTs).
– Initially, the project will import Complete Built Vehicles (CBUs) to make modern electric commercial vehicles readily available in Pakistan.
– Plans are underway to establish a modern local assembly plant, promoting completely knocked down (CKD) operations to boost local production, employment opportunities, and economic growth.
– The joint venture aims to reduce dependence on fuel imports, create thousands of new jobs, introduce modern commercial EVs, strengthen Pakistan’s industrial capabilities, and position Pakistan as a regional leader in NEV manufacturing.
Geely’s Global Dominance and Growth Potential in Pakistan
Geely, ranked 185th in the 2024 Fortune Global 500 list, has consistently been a market leader in electric vehicle (EV) technology. With its expansion into Pakistan’s commercial EV market, Geely aims to make Pakistan a key hub for NEV manufacturing and export.
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Quotes from Key Officials
– HRL Group Chairman Zahid Rafique described the partnership as a game-changer for Pakistan, paving the way for a modern and clean future.
– Managing Director Jahanzeb Zahid stressed the strategic importance of the collaboration, saying that the project is not limited to vehicle manufacturing alone, but is a project to build a sustainable commercial transportation ecosystem.
– HRL-Capital Smart Motors Executive Director Imran Zahid highlighted the long-term commitment of the joint venture, which aims to combine electric mobility with renewable energy solutions.
