{
  "id": 14399774,
  "title": "Pakistan’s Quantum Data plans local assembly of lithium batteries under China deal",
  "url": "https://urgent.news/2026/10/14/pakistans-quantum-data-plans-local-assembly-of-lithium-batteries",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-14T08:02:33.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40444172/pakistans-quantum-data-plans-local-assembly-of-lithium-batteries-under-china-deal"
  },
  "original_language": "en",
  "account": "Pakistan's Quantum Data Technologies (QTECH) is venturing into energy storage by signing a cooperation agreement with China's Great Power Energy & Technology. The IT services company, formerly known as Chakwal Spinning Mills Limited, aims to locally manufacture lithium-based batteries for various applications. QTECH disclosed the news to the Pakistan Stock Exchange (PSX) on Wednesday, highlighting the strategic partnership. Great Power Energy & Technology is a prominent Chinese energy technology firm specializing in advanced lithium batteries and energy storage solutions. As of October 13, 2026, the company had an estimated market capitalization of $4 billion. Under the agreement, QTECH plans to introduce and undertake local assembly of advanced lithium-based battery energy storage systems, including residential, commercial, industrial, and utility-scale energy storage systems, as well as solutions for data centers, AI infrastructure, and EV battery infrastructure. QTECH emphasizes the importance of reliable energy supply and energy security for Pakistan's technological progress, positioning this initiative as a key element of its broader strategy to develop innovative technology ventures and create long-term shareholder value.",
  "summary": "Pakistan’s Quantum Data Technologies (QTECH), formerly known as Chakwal Spinning Mills Limited, is expanding beyond IT services into energy storage, signing a cooperation agreement with China’s Great Power Energy & Technology to explore local assembly of lithium-based batteries for homes, industry and data centres. The listed company disclosed the development in a notice to the Pakistan Stock…",
  "key_points": [
    "Company plans to locally assemble lithium-based batteries for various applications.",
    "Initiative aims to enhance energy supply and security for Pakistan’s technological progress."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}