Lucky Motor ties up with China's GAC Group
MG News | April 01, 2026 at 12:10 PM GMT+05:00
April 01, 2026 (MLN): Lucky Motor Corporation
Limited (LMC), a subsidiary of Lucky Cement Limited (PSX:LUCK) has entered into
an exclusive partnership with GAC Group, a Fortune 500 company ranked #1 in the
JD Power China Quality Survey, a significant milestone in the Pakistani
automotive sector.
The strategic alliance, disclosed by parent company Lucky
Cement Limited in accordance with Sections 96 and 131 of the Securities Act,
2015, is expected to strengthen LMC's existing vehicle lineup by adding GAC's
globally reputable automobiles to its portfolio.
LMC, which currently manufactures, assembles, markets and
distributes KIA and Peugeot branded vehicles, parts and accessories in
Pakistan, will now expand its offerings through this new partnership.
The company also holds an agreement with Samsung Gulf
Electronics Co., FZE for assembling Samsung branded mobile devices in the
country.
The inclusion of GAC vehicles is aimed at reinforcing LMC's
commitment to delivering cutting-edge automotive solutions, advanced
technology, and exceptional value to Pakistani consumers.
Lucky Cement Limited, the parent entity, said the
development aligns with its broader strategy of expanding its product and
business portfolio.
The conglomerate operates across a wide range of sectors
including local and international cement operations, automobiles, mobile phone
assembly, chemicals, agricultural sciences, pharmaceuticals, energy, and copper
and gold mining.
The aforementioned information was disseminated
through a notification to Exchange.
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