Pakistan, Korea sign deal to expand electric vehicles charging infrastructure
KARACHI: Zi Solar Pvt Ltd, a leading renewable energy solution provider in Pakistan, has entered into an exclusive partnership with Aeonus Co Ltd, a Korean global leader in renewable energy, to expand electric vehicles charging infrastructure, a statement said on Monday.
The partnership will pave the way for the deployment of state-of-the-art Korean-manufactured electric vehicles (EV) charging and storage equipment in Pakistan, it added.
The two companies will also collaborate in research and development to promote electric charging infrastructure and facilities in Pakistan.
The collaboration is in line with the government’s objectives to promote electric vehicles in Pakistan to improve the environment and to reduce the oil import bill.
The collaboration also complements the Pakistan Electric Vehicles Policy 2020/25 that targets a robust electric vehicle market having a 30 per cent and 90 per cent share in passenger vehicles and heavy-duty trucks by 2030 and 2040, respectively.
The signing ceremony took place at the office of Korea Trade Investment Cooperation Agency in Karachi.
M Bilal Zaigham, director of business from Zi Solar, Mohammad Farooq CEO of Zi Solar, Daniel from Aeonus, and Eun Heo, CEO of Aeonus signed the collaboration deal.
Zaigham Hassan, director of Zi Solar and Zaigham Mahmood Rizvi, founding chairman of Zi Solar, also joined the occasion virtually from Qatar and the United States, respectively, the statement said.
The CEOs of Zi Solar and Aeonus also thanked Kotra [The Trade and Investment Office, Embassy of the Republic of Korea] and Pakistan Embassy in Seoul for helping the two companies in connecting with each other.
Bilal Zaigham, said that electric vehicles are rapidly gaining ground in Pakistan. To make this trend sustainable, there is a need for reliable and efficient charging solutions and equipment.
“Our partnership with Aeonus Co Ltd would prove to be a milestone in enhancing the growth of electric vehicles in Pakistan,” he added.
In a very short period since its inception in 2015, Zi Solar has achieved a significant position in providing renewable energy-related solutions and technologies and it is committed to providing high-quality solar systems and equipment in Pakistan through partnerships with the global technology companies and equipment manufacturers, he added.
Eun Heo, CEO of Aeonus, welcomed the partnership and said, “We are proud to select Zi Solar as our exclusive partner in Pakistan to provide renewable energy solutions. Aeonus is empowering communities to build a safer and better society by providing innovative technology solutions to tackle the effects of global climate change. The provision of modern electric vehicle charging equipment and solutions based on Korean technology to Pakistan also reflect our commitments.”
Under the memorandum of understanding, Zi Solar Pvt Ltd will facilitate the establishment of electric vehicles charging infrastructure and Smart Mobility Charging Outlets along with distributing all three levels of fast electric vehicles chargers, including over 50kWDC (level three chargers) and over 7kW AC (level two chargers).
Moreover, Zi Solar will also be providing the electric energy storage system (EESS) with a solar panel for the electric vehicles charging system, it added.
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