China’s Zhuhai Yinlong New Energy Ltd plans to set up an electric vehicle manufacturing plant in Punjab, attracted by India’s plan to switch to electric vehicles by 2030.
The first such manufacturing unit by an overseas firm in India comes amid plans to run electric cars and buses in Amritsar, followed by Jalandhar and Ludhiana. Zhuhai Yinlong New Energy manufactures lithium-ion batteries.
According to Livemint, Punjab chief minister’s office said in an statement that Chinese PSU (public sector unit) major Yinlong has proposed to launch a pilot project to run electric cars and buses in Amritsar, followed by the smart cities of Jalandhar and Ludhiana, and to set up an electrical vehicle manufacturing facility in the state. The announcement was made after a meeting between Punjab chief minister Amarinder Singh and Zhuhai Yinlong New Energy Co.’s India chief executive Alex Li.
Raveen Thukral, media advisor to chief minister Singh also informed that Chinese PSU Yinlong had several proposals for the Punjab government and manufacturing electric vehicles was one of them.