With the rapid advancement towards emission-free cars, it is being observed that the market for electric cars will reach 35% in few decades.
Demand in Pakistan is also rising for future technology and keeping this in view, Rahmat Group is planning to bring electric cars to Pakistan.
In recent months the Group has signed various collaboration agreements and Memorandum of Understanding (MoU) with Chinese companies. These include; Electric Power Technology Co, Jiangzi Technical Vehicles Manufacturing Co Ltd, Jiangsu Fuan Technologies, Louyang Xinguang Lithium Science and Technology Co Ltd, Zhehang Shangi Tianying Vehicle Industries, Yangzhou Daojue New Energy Development Co Ltd, Haohong Motors, Weifang Shandong Electric Power Technology Co Ltd, Shanghai Shenlong Bus Co Ltd, Wuxi Shengbao Electric Vehicle Co Ltd, and Base Ningbo Foreign Trade Co Ltd. The Group will be establishing Electrical Complex at Nooriabad according to the agreement.
Chief operating officer of Rahmat Group Shaukat Qureshi has reported that 25 acres of land for the complex has already been acquired by the Group and it will manufacture electric/battery powered buses. The company will also move toward two-wheeler electric market once it gets into the process.
Lithium batteries for buses, cars and two-wheelers will also be developed and it is expected that first model will be launched within 4-6 months of business operations.