Nishat Mills enters Pakistan’s EV market with Omoda, Jaecoo launch

MG News | June 03, 2025 at 01:23 PM GMT+05:00

0:00

June 03, 2025 (MLN): Nishat Mills Limited (PSX: NML), the flagship company of the Nishat Group, has expanded into the Electric Vehicle (EV) market through its subsidiary, NexGen Auto Pvt. Ltd., by launching Omoda and Jaecoo—NEV brands from Chery International in Pakistan.

With dealership opportunities now open in over 25 major cities, this move marks a significant step toward bringing globally acclaimed, innovative, and sustainable vehicles to Pakistani roads.

Omoda and Jaecoo operate in more than 90 countries, with over 11 million vehicles sold, positioning them to rival global NEV players like BYD, as per the press release issued today.

This strategic partnership aligns with NML’s diversification goals and supports Pakistan’s clean energy and sustainable mobility future.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	153,866.17 113.04M	-0.36% -555.27
ALLSHR	92,322.41 289.91M	-0.18% -165.37
KSE30	47,054.02 67.50M	-0.57% -268.71
KMI30	220,139.18 52.42M	-0.81% -1787.82
KMIALLSHR	59,630.44 114.87M	-0.43% -258.98
BKTi	44,089.65 23.49M	-0.09% -38.05
OGTi	31,668.31 6.28M	-0.15% -47.11

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,495.00	74,210.00 70,200.00	850.00 1.20%
BRENT CRUDE	103.89	103.95 97.60	3.43 3.41%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.90 -11.49%
ROTTERDAM COAL MONTHLY	122.70	123.80 122.70	-1.10 -0.89%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	99.31	99.32 92.04	3.58 3.74%
SUGAR #11 WORLD	14.41	14.53 14.30	0.03 0.21%