Millat Signs Cooperation Agreement with China’s XDAO to Accelerate Electric Motorcycle Localization in Pakistan
Millat Industrial Products Limited (MIPL), a subsidiary of Millat Tractors Limited (MTL), has signed an agreement for cooperation with China's Xiao Dao (XDAO) to promote electric mobility in Pakistan.
Millat Industrial Products Limited (MIPL), a subsidiary of Millat Tractors Limited (MTL), has signed an agreement for cooperation with China's Xiao Dao (XDAO) to promote electric mobility in Pakistan.
Article outline
- What happened
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According to Chairman Millat Group of Industries, Sikander Mustafa Khan, the agreement includes technology transfer, particularly in lithium iron phosphate (LFP) battery technology, and the localization of major components and parts of electric motorcycles.
Notably, the initiative is in line with the Prime Minister of Pakistan's electrification policy and is projected to assist reduce the country's import bill by promoting local manufacturing, reducing reliance on imported components, and conserving valuable foreign exchange.
As part of the agreement, Millat intends to accelerate the localization of electric motorcycles and subsequently export localized products to international markets, contributing to Pakistan's industrial development and export expansion. The Engineering Development Board (EDB) has been of great assistance throughout this process, providing valuable backing and facilitation in advancing the project.
Through this collaboration, Millat intends to combine international technology with Pakistan's manufacturing capabilities to build a sustainable electric mobility ecosystem and strengthen the country's engineering and automotive industry. Stay Connected with ProPakistani. Obtain the latest news and stories wherever you prefer. Follow on Google Discover. Follow on Google News Join WhatsApp. See more ProPakistani stories in Google Search and Top Stories.
For now, millat Signs Cooperation Agreement with China's XDAO to Accelerate Electric Motorcycle Localization remains the part of the story worth watching, and further updates are likely as more details are confirmed.
