Pakistan Plans $2.25 Billion Lithium-Ion Battery Plant in Rawalpindi
Business · First reported 27 Oct, 06:00 · Updated 07:55
A military-owned Pakistani company and unnamed partners have agreed to build a lithium-ion battery plant in Rawalpindi, with production dependent on government policy approval.
- Margalla Heavy Industries Limited signed an agreement with Chinese partners and local investors for a plant valued at $2.25 billion.
- The proposed plant at Heavy Industries Taxila is expected to have annual capacity above 1,000 MW, initially producing 200–300 MW.
- The project awaits government policy approval; the report says production could begin six to eight months after approval.
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