July 01, 2022 (MLN): Sazgar Engineering Works Limited (PSX: SAZEW) has successfully completed manufacturing facilities as of June 30, 2022, for the manufacturing/assembly of GWM “HAVAL” vehicles, the company filing on PSX showed today.
The trial operation will be commenced with effect from July 15, 2022, whereas commercial production is expected from October 01, 2022.
To recall, SAZEW had joined hands with Haval, which is an automotive marque owned by famous Chinese automaker GreatWall Motors (GWM) in March 2021.
The vehicle assembly and technical cooperation agreement with Haval/ GWM included the assembly, sales, and after-sales service of passenger & commercial vehicles.
At the time of writing, the scrip of the company is being traded at Rs.65.20, up by 3.08 rupees or 4.96% DoD.
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