Chinese investors keen to invest in electric bike plant in Punjab

According to Business Recorder, Yadea Technology Global Group of China is considering an electric motorcycle factory in Punjab, aimed at both home and overseas buyers. The idea was raised at a Lahore meeting between Provincial Minister for Industries and Commerce Chaudhry Shafay Hussain and the group's chairman, Qiu Xin Yang. Investment prospects in Punjab's electric vehicle sector were the main focus of the discussion.

The group's representatives said Yadea already runs five factories making two-wheeler EVs in China and other countries, and that a sixth is planned for Punjab. They also pointed to fast-charging technology for electric bikes. Chaudhry Shafay Hussain welcomed the interest and promised every possible facilitation for a plant in any of the province's Special Economic Zones.

He said several Chinese firms have already put millions of dollars into the province's EV sector, where a number of electric bike plants are operating. He also proposed a joint venture or cooperation agreement between Yadea and the technology college at Quaid-e-Azam Business Park in Sheikhupura. The government, he added, intends to replace petrol-powered motorcycles with electric bikes gradually.