- Lucky Motors signs deal with China’s GAC for EV launch
- Local assembly targeted for December 2026
- Firm also eyes Pakistan’s first battery swapping network for cars
- Rooftop solar and Iran war-linked fuel price rise create EV opportunity
KARACHI, May 22 (Reuters) – Pakistan’s Lucky Motors is betting fuel-price shocks and rooftop solar adoption will speed up electric vehicle demand, as it launches EVs with Chinese state-owned automaker GAC and plans local assembly as early as the year-end, its CEO told Reuters.
The launch comes as Pakistani consumers face their sharpest fuel price increases in years, with prices double those of four years ago, as the U.S.-Iran conflict disrupts supply through the Strait of Hormuz.
