As per media reports, Shanghai Launch Automotive Technology Co., Ltd. (LAUNCH) and Yousuf Dewan Companies (YDC) signed the memorandum of understanding (MoU) on February 22 in Beijing.

As part of the broader cooperation between Pakistan and China to enhance cooperation in technology and industrial development, the recent agreement is likely to boost the production of EVs and investment in Pakistan.

YDC has been active in Pakistan’s automobile industry for many years . The group will work with Chinese company LAUNCH in EV technology, to develop vehicles for Pakistan by using LAUNCH’s skills and expertise in design and innovation in this sector.

A completely knocked-down (CKD) assembly operation for battery electric vehicles (BEVs) is part of the deal. This will produce both right-hand drive and left-hand drive models for domestic sales and exports.

“This agreement marks a significant step toward bringing advanced electric vehicle (EV) technology to Pakistan and promoting sustainable mobility solutions in the region,” the Associated Press of Pakistan (APP) news agency reported.

“The cooperation includes the creation of a technology partnership focused on EV innovation, battery life cycle management and recycling solutions, as well as exploring a joint venture for manufacturing and scaling BEV production in Pakistan,” it stated.