Margalla Heavy Industries Signs $2.25B Lithium-Ion Battery Deal with Chinese Partners: Historic Gigafactory in Rawalpindi

In what marks a watershed development for Pakistan’s clean energy storage and electric mobility ecosystem, Margalla Heavy Industries Limited (MHIL)—a defense-industrial enterprise operating under Heavy Industries Taxila (HIT) in the Rawalpindi district—has formalized a landmark $2.25 billion agreement with a Chinese consortium and local private investors to establish the country’s first large-scale Lithium-Ion Battery Gigafactory.…