ADM Group plans to invest $250 million in Pakistan

ADM Group CEO Yasir Bhambhani revealed plans to invest $250 million in Pakistan to manufacture electric vehicles.

During a meeting with Federal Minister for Industries and Production Rana Tanveer Hussain, Bhambhani outlined the project’s two-phase approach first, establishing a charging network, followed by electric vehicle production.

The new electric vehicles will offer a range of 300 kilometers per charge.

Minister Hussain emphasized the government’s commitment to facilitating foreign investment and highlighted the economic and environmental benefits of electric vehicles, including cost savings and fuel efficiency.