Chinese automaker Skywell Automobile is investing $ 50 million this year in the introduction of electric buses in Pakistan, Federal Science and Technology Minister Fawad Chaudhry announced Tuesday.
Speaking to a private news channel, the minister said that in the second phase, the Chinese company would start production of the electric buses after investing the above amount.
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The minister said electric buses will be on the streets from this year and will originally run in Islamabad and Lahore.
Last week, a ceremony was signed in Islamabad for the strategic alliance agreement between Daewoo Pakistan and Skywell Automobile, China.
Under the agreement, Skywell Automobiles China and Daewoo Express Pakistan will work together to introduce electric buses and other electric vehicles in Pakistan and create a technical support base in the country.
Fawad explained the deal, saying that the value chain for an electric vehicle will be created in Pakistan, while the battery bus service in Pakistan will start soon and when the 5G service in the country becomes operational, several sectors will automatically become obsolete.
"This will not only increase our economy, but also create huge employment and investment opportunities in the country," he said.
The introduction of electric vehicles will help develop an environmentally friendly system and mitigate the effects of global warming, the federal minister said.
