(Web Desk) - Punjab is poised to see a fresh wave of industrial investment as China’s Letin Auto Group plans to establish a small electric vehicle (EV) manufacturing facility in the province.
A 15-member delegation led by General Manager Xu Zhen met with Punjab’s Minister for Industries and Commerce, Chaudhry Shafay Hussain, in Lahore to discuss the project and available incentives. The minister assured full support from the provincial government, highlighting benefits including a 10-year income tax holiday and duty-free import of machinery for plants in Special Economic Zones.
“New investment in the province is not only strengthening the economy but also creating employment opportunities for thousands of people,” Hussain said, adding that Punjab was fast becoming a preferred destination for foreign industrialists. He emphasised the government’s focus on promoting EVs, aiming for Punjab to play a leading role in the country’s clean mobility transition.