Airlink Communications, a leading distributor and retailer of smartphones in Pakistan, is gearing up to launch its first electric vehicle (EV) in partnership with Xiaomi. This move not only aims to tap into the burgeoning EV market but also holds significant export potential, according to insiders.
The upcoming electric car has already been competing with established industry leaders such as BYD and Tesla in China, and its imminent debut in Pakistan is anticipated to be a landmark event for both the company and the national economy. This initiative is part of Airlink’s strategy to diversify its offerings beyond smartphones, marking a pivotal shift in the country’s export landscape away from traditional sectors like textiles.
Airlink Communications, listed on the Pakistan Stock Exchange under the symbol AIRLINK, has demonstrated impressive growth, with earnings per share (EPS) rising from Rs2.5 last year to Rs11.7 this year. While Airlink, alongside its subsidiary Select Technologies, continues to dominate the mobile phone sector, its expansion into the electric vehicle market is poised to be a transformative venture.
In addition to the electric vehicle launch, Airlink has several promising developments on the horizon. The company expects to start seeing revenue from its smart TV sales by November 2024, which will enhance its product portfolio. Furthermore, it is in the process of acquiring a 5G license from the government, a move that is expected to improve connectivity and yield substantial financial benefits.
Airlink projects to generate a minimum of Rs25 billion from laptop sales in fiscal year 2025, anticipating sales of at least 150,000 units. The company is also in advanced talks with the government regarding mobile exports, which could further enhance its revenue streams.
One critical issue being addressed in these discussions is the current 80% duty on importing charger parts, compared to zero duty on fully assembled chargers. The government aims to rectify these discrepancies, fostering local manufacturing and creating new export opportunities for Airlink.
With a diverse array of growth initiatives spanning mobile manufacturing, smart TVs, 5G technology, laptops, and electric vehicles, Airlink is well-positioned for significant earnings growth in the coming years. Its ability to leverage emerging technologies and a forward-thinking strategy establishes it as a key player in Pakistan’s tech-driven economic future.
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