Nishat Group joins hands with Chery to build EVs in Pakistan

August 01, 2025 (MLN): Pakistani business magnate Mian Mohammad Mansha has set up a factory to build electric-powered vehicles in partnership with one of China’s largest car exporters, Chery Automobile Co., according to a top executive at his company.

NexGen Auto Pvt., a unit of Pakistan’s Nishat Group, plans to debut five cars simultaneously under Chery’s Omoda and Jaecoo brands at a launch event on Friday, Muhammad Aqib Zulfiqar, the group’s chief financial officer, said in an interview.

The conglomerate has earmarked about $100 million for the automotive manufacturing and marketing operations, with local car assembling set to start in October, he said.

Nishat finalized the partnership after visiting China and evaluating several automakers.

Zulfiqar said Chinese manufacturers lead globally in EV technology and cost efficiency, as Bloomberg reported.

Nishat is expanding its portfolio amid growing EV interest. Multiple Chinese brands have launched EVs in Pakistan in the past year, and BYD plans local production in 2025.

Zulfiqar urged the government to accelerate EV policy implementation, particularly licensing for charging stations. Pakistan aims to increase EVs to 30% of total vehicle sales, imports, and production by 2030.

Copyright Mettis Link News