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Master Motor Corporation and Yutong Bus Company signed a Memorandum of Understanding (MoU) to establish a Joint Venture Company and locally manufacture and assemble Yutong’s New Energy City Buses in Pakistan.
Yutong Master will set up a new greenfield plant for the operation and will become the first and only company to produce city buses in the country. Yutong’s New Energy City Buses are available in hybrid and electric powertrains and aim to meet the needs of public transport across Pakistan, supporting government efforts to upgrade transportation infrastructure.
The MoU was signed by Danial Malik, Director of Master Motor, and Huang Yuanchao of Yutong at the Pakistan Shenzhen Business Conference on June 5, 2024, during Prime Minister Shahbaz Sharif’s visit to China. The conference aimed to foster new business opportunities and stimulate economic activity in Pakistan.
On the occasion were Jam Kamal, Minister for Commerce; Rana Tanvir Hussain, Minister for Industries and Production; Abdul Kaleem Khan, Minister for Privatization; Syed Zafar Ali Shah, Secretary Planning and Development; and Erfa Iqbal, Additional Secretary, Board of Investment.
About Yutong Bus
Yutong, the world’s largest bus manufacturer, has led the global market for nine years, holding over 15% global and 36.1% Chinese market share. Established in 2013, Yutong Master quickly became the leading bus manufacturer in Pakistan, serving as a trusted partner for public and private fleet users.
