Airlink to set up electric bike assembly plant in Lahore
- The project formed part of the company’s long-term strategy to diversify its manufacturing portfolio
Air Link Communication Limited is launching AirV, an electric bike manufacturing project in Lahore, diversifying its portfolio into tech-driven mobility to meet Pakistan's growing EV demand.
- Air Link's new electric bike manufacturing project.
- Company strategy for tech-driven mobility solutions.
- Growing electric vehicle demand in Pakistan.
Airlink Communication Limited on Thursday announced the establishment of an electric bike manufacturing plant under its own brand AirV.
The company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) today.
“The project envisages the establishment of an advanced electric bike assembly plant at the company’s manufacturing facility located in Sundar Green Special Economic Zone (SGSEZ), Lahore,” the company said.
It added that the project formed part of the company’s long-term strategy to diversify its manufacturing portfolio into emerging technology-driven mobility solutions and to capitalise on the growing demand for electric vehicles in Pakistan.
“The board has also authorised the management to undertake all necessary regulatory, commercial and operational activities required for the implementation of the project,” read the notice.
Airlink Communication Limited was incorporated in Pakistan as a private limited company in January 2014 and subsequently converted into a public limited company in April 2019.
The company is engaged in the import, export, distribution, indenting, wholesale, and retail of communication and IT-related products and services, including smartphones, cellular phones, tablets, laptop accessories, and related products.
Last year, Airlink approved the incorporation of a wholly owned subsidiary under the name ZEXO Technologies (Private) Limited, with an authorised investment of Rs200 million.
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