Pakistan's Saigol Group and China's Hebei Juhang Energy Technology Group will assemble lithium-ion batteries domestically. The partnership aims to reduce import dependence and support Pakistan's growing solar energy adoption, despite a global price decline and overproduction by China.
The partnership between Pakistan and China to locally assemble lithium-ion batteries is crucial for Pakistan's energy security and industrial development. It aims to reduce import dependence, support the nation's rapidly growing solar energy sector, and create high-value jobs.
Pakistan Inc. and its Chinese partners are preparing to assemble lithium-ion batteries domestically, driven by a surge in Chinese solar panel imports and the country's expanding adoption of solar energy. The partnership between Pakistan's Saigol Group and China's Hebei Juhang Energy Technology Group aims to reduce Pakistan's reliance on expensive imports and secure its clean energy supply chain.
Despite a global price decline and overproduction by China causing domestic prices for power packs to fall by half since 2024, the venture is seen as a significant step in developing Pakistan's advanced manufacturing and clean energy sector. Haroon Akhtar Khan, the Special Assistant to the Prime Minister on Industries and Production, stated that the proposed battery assembly and manufacturing plant will kickstart a new industrial ecosystem, combining Chinese technical expertise with Pakistan’s strategic location.
The Pakistani government is implementing reforms to create an investor-friendly environment, with battery manufacturing identified as a strategic industry for the future. The initiative is expected to create high-value jobs, boost local engineering skills, and stimulate supporting industries.
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