Pakistani, Chinese firms sign agreement to set up electric bus manufacturing joint venture

Profit by Pakistan Today reported that GUGO Motors and China's Shengtang Group have inked an MoU on a tie-up to build electric buses in Pakistan. The Pakistan-China Business Forum (PCBF) hosted the signing in Islamabad on Wednesday, and Adviser to the Prime Minister Haroon Akhtar Khan was the chief guest.

The planned tie-up would produce electric buses under the Made in Pakistan label while also aiming to strengthen local manufacturing and examine export-oriented vehicle output. At the ceremony, Haroon Akhtar Khan argued that the next phase of bilateral economic relations should prioritise factory investment, know-how sharing, domestic output and higher exports. He said the government would facilitate Chinese investors and encourage business-to-business links, and he pointed to electric mobility as a route to local supply chains and jobs.

Wei Linzhuo leads a 14-member group of Chinese businesspeople spending 11 days in Islamabad, Lahore and Karachi, looking for joint commercial opportunities. The delegation is focused on sectors such as electric vehicles, lithium-ion batteries, charging networks and pharmaceuticals. The Ministry of Industries and Production added that more business sessions had been lined up for the trip, and the gathering also commemorated China's 77th national anniversary.