Dewan Farooque Motors initiates manufacturing 300km range EVs in Pakistan

Karachi: Dewan Farooque Motors Limited (DFML) has kicked off manufacturing and assembly of 300km range electric vehicles (EVs) for Eco-Green Motors Limited (EGML), expanding upon its earlier agreement to produce 200km range EVs.

The automaker shared the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday.

“We are pleased to inform you that in addition to 200km range of electric vehicles, Dewan Farooque Motors Limited has now commenced manufacturing / assembling of 300km range of electric vehicles for Eco-Green Motors Limited,” read the notice.

After the development, DFML’s share price surged to Rs36.89, a gain of Re0.72 at the time of this report.