BEIJING: A leading Chinese company TGOOD and the REC Group of Pakistan on Thursday inked a memorandum of understanding (MoU) in Beijing aimed at promoting environmentally friendly electric vehicles (EVs) in Pakistan.
Chairman Senate Muhammad Sadiq Sanjrani, along with a Pakistani delegation, witnessed the signing ceremony.
Sanjrani said that this collaboration has resulted in a strategic partnership aligned with the sustainable green development initiatives set forth by China during the third Belt and Road Forum.
The partnership covers areas such as hydrogen filling station infrastructure, EV production, hydrogen vehicle technology, battery production and recycling solutions, and EV charging infrastructure development.
Transport is a major contributor to pollution in Pakistan, making a transition to alternative fuels very important. However, Pakistan is facing a challenging dilemma, with a lack of charging stations restricting alternative fuel vehicles adoption, while limited investment in such infrastructure is mainly due to the scarcity of such vehicles.
The joint venture with REC Group in Pakistan highlighted an important step forward. TGOOD’s commitment to expanding in Pakistan, helped by integrators within REC Group, is underpinned by a comprehensive Strategic Partnership Framework Agreement, encompassing full technology transfer.
Hydrogen fueling infrastructure development in Pakistan
In addition to EVs, TGOOD will also spearhead the hydrogen fueling infrastructure development in Pakistan. The joint venture is also aimed to explore regional export opportunities for the products manufactured in Pakistan.
The joint venture’s main mission is to tackle the catch-22 situation that has hindered the transition to alternative fuels in the country.
Through strategic investments in EV components, export-driven growth, and recharging stations, the partnership aspires to resolve these challenges and stimulate sustainable green transportation ecosystem development in Pakistan.
