Zi Solar, a leading renewable energy solution provider in Pakistan, has entered into partnership with Aeonus, a Korean global leader in renewable energy, for the deployment of Electric Vehicles (EV) charging and storage equipment in the country. 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 objective to promote electric vehicles to improve the environment and to reduce the oil import bill. The collaboration also complements the Pakistan Electric Vehicles Policy 2020-2025 that targets a robust electric vehicle market having a 30% and 90% 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. The document was signed by M. Bilal Zaigham, Director of Business from Zi Solar, Mohammad Farooq, CEO of Zi Solar, Daniel from Aeonus, and Eun Heo, CEO of Aeonus. Zaigham Hassan, Director of Zi Solar, and Zaigham Mahmood Rizvi, founding chairman of Zi Solar, also joined the occasion virtually from Qatar and United States respectively.
Commenting on the partnership, 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 would prove to be a milestone in enhancing the growth of electric vehicles in Pakistan. He said that 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 we are committed to providing high-quality solar systems and equipment in Pakistan through partnerships with global technology companies and equipment manufacturers.
Eun Heo welcomed the partnership and said, “We are proud to select Zi Solar as our exclusive partner to provide renewable energy solutions in Pakistan. 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 this MoU, Zi Solar will facilitate the establishment of EV charging infrastructure and Smart Mobility Charging Outlets along with distributing all 3 levels of fast EV chargers including over 50kWDC (level 3 chargers) and over 7kW AC (level 2 chargers). Moreover, Zi Solar will also be providing the Electric Energy Storage System (EESS) with Solar Panel for EV Charging System.