Dewan Farooque Motors Limited (DFML) announced the commencement of electric vehicle (EV) production at its assembly plant following approval from the Engineering Development Board (EDB). The company shared the news in a notice to the Pakistan Stock Exchange, marking a significant milestone after the EDB’s verification of manufacturing facilities for Eco-Green Motors Limited (EGML). DFML has entered a toll manufacturing agreement with EGML to produce the Honri-VE, positioning the company as a leading EV manufacturer in Pakistan. DFML’s share price rose by 1.8% following the announcement.
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