Wave Tech has announced its plan to set up Pakistan’s first-ever lithium battery manufacturing plant at the Malir Industrial Park (MIP) in Karachi, with a substantial Foreign Direct Investment (FDI) of $200 million.
The construction of this state-of-the-art facility is set to commence in December 2025, and battery production is expected to start by mid-2026.
This groundbreaking initiative aims to phase out oxide batteries in Pakistan, contributing to the country’s transition towards modern and sustainable energy solutions.
The Malir Industrial Park (MIP), a flagship project of the Pakistan Economic Zones Development and Management Company (PEZDMC), is at the forefront of fostering industrial growth in Karachi.
Envisioned as a world-class industrial zone, MIP is designed to boost manufacturing and exports while generating significant employment opportunities. Its strategic location in Malir ensures seamless connectivity to key infrastructure, including the Karachi Port, Port Qasim, and major highways, making it an ideal destination for investors and industries.
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