BYD expands EV investment footprint in Pakistan

June 18, 2026 (MLN): Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Wednesday met a delegation of BYD Group and Mega Motor Company (MMC) to review ongoing cooperation and future investment plans in Pakistan’s electric vehicle (EV) sector.

The delegation was led by Liu Xueliang, Vice President of BYD Group and General Manager of BYD Asia Pacific Auto Sales Division, along with Aly Khan, Chief Executive Officer of Mega Motor Company (Private) Limited.

Welcoming the delegation, the finance minister highlighted the importance of strengthening business-to-business partnerships as a key component of Pakistan-China economic cooperation.

He said Pakistan was prioritising technology-driven investment and expressed confidence that the BYD-MMC joint venture would contribute to industrial development, job creation, technology transfer and export expansion.

Liu Xueliang briefed the minister on BYD’s operations in Pakistan and its future expansion strategy, noting progress on the company’s local manufacturing facility, which is currently under development as per schedule.

He also outlined plans to broaden the product lineup, accelerate localisation, introduce advanced charging solutions, and support the development of Pakistan’s EV ecosystem through investment and capacity building.

The delegation underscored Pakistan’s potential as an emerging market for new energy vehicles and shared its long-term vision of positioning the country as a regional hub for EV manufacturing and exports.

It also discussed plans to develop charging infrastructure in collaboration with local partners, alongside training initiatives for engineers and technical staff.

Aly Khan informed the meeting that Pakistan holds a strategic place in BYD’s global expansion strategy. He briefed the minister on the phased localisation plan aimed at increasing domestic sourcing through partnerships with local vendors, strengthening the country’s automotive supply chain.

The finance minister noted that global trends were rapidly shifting towards electric mobility and reiterated the government’s commitment to facilitating investment in sustainable industrialisation, energy efficiency and technological advancement.

He added that improving macroeconomic stability and external sector conditions had created a more conducive environment for investment.

He further encouraged the delegation to accelerate efforts in local assembly, manufacturing and charging infrastructure development, stressing that a strong charging network would be essential for wider EV adoption in the country. He also acknowledged the contribution of Chinese companies to Pakistan’s industrial growth.

The two sides also exchanged views on the future of electric and plug-in hybrid electric vehicles (PHEVs) in Pakistan.

The BYD team shared international experience on EV market evolution and noted that PHEVs could play a transitional role in markets where charging infrastructure is still developing.

They also highlighted opportunities arising from Pakistan’s growing use of solar energy and its potential linkages with electric mobility.

Both sides reaffirmed their commitment to expanding cooperation in electric mobility, local manufacturing, technology transfer, skills development and sustainable transport, with the shared goal of positioning Pakistan as a regional hub for new energy vehicle production and innovation.

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