Airlink Communications Set to Enter Electric Vehicle Market, Expanding Beyond Smartphones with Significant Export Potential
Airlink Communications, a leading distributor and retailer of smartphones in Pakistan, is poised to make a groundbreaking move into the electric vehicle (EV) sector. In partnership with Xiaomi, the company is set to launch its first electric car in the Pakistani market soon, with significant export potential. This venture marks Airlink’s ambitious strategy to diversify its portfolio beyond smartphones, aiming to compete with established EV giants like BYD and Tesla in China. The move is seen as a significant development for both the company and the country’s economy, signaling a shift towards more tech-driven exports beyond traditional sectors like textiles.
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Airlink, listed on the Pakistan Stock Exchange under the symbol AIRLINK, has shown impressive growth, with its earnings per share (EPS) rising from Rs2.5 to Rs11.7 within a year. While dominating the mobile phone market with its subsidiary Select Technologies, the company’s foray into the EV industry is expected to be a game-changer. The launch of the Xiaomi electric car, along with upcoming ventures such as smart TVs and 5G services, highlights Airlink’s commitment to expanding its technological footprint and leveraging new opportunities in various sectors.
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In addition to its EV plans, Airlink is exploring other avenues for growth, such as laptop sales, which are projected to generate Rs25 billion in revenue in FY25. The company is also engaged in discussions with the government to resolve import and export discrepancies, particularly regarding mobile equipment, which could further boost its export potential. With a diverse range of products and initiatives, Airlink is set to play a crucial role in Pakistan’s evolving technological landscape, driving innovation and economic growth in the years ahead.
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