BYD to enter Pakistan's passenger vehicle market in collaboration with Mega Conglomerate

News Image

MG News | April 03, 2024 at 12:45 PM GMT+05:00

0:00

April 03, 2024 (MLN): BYD (Build Your Dreams), the world’s top New Energy Vehicle (NEV) manufacturer, has announced that it will enter the passenger vehicle market in Pakistan in cooperation with the local partner Mega Conglomerate Pvt. Ltd. (Mega).

It signifies another milestone for BYD, representing its entry into one of South Asia’s largest markets, as the brand continues to bring innovative and accessible eco-friendly solutions to global consumers.

The signing ceremony took place during the BYD Asia Pacific Dealer Conference event in Xi’an, China, in the presence of Liu Xueliang, General Manager of BYD Asia Pacific Auto Sales Division; Zhang Jie, Vice General Manager of BYD Asia Pacific Auto Sales Division and Aly Khan, Executive Director of Mega.

Liu Xueliang, General Manager of BYD Asia Pacific Auto Sales Division said: “In 2023, BYD’s annual sales of New Energy Vehicle (BEV+PHEV) exceeded 3 million units, underlining its position as the global leader and champion of new energy vehicle sales for the second year in a row.”

He further said that as an important part of BYD’s global vision of cooling the earth by 1 degree, the partnership with Mega in Pakistan exemplifies its shared vision for a cleaner, greener future.

Together with Mega, BYD is poised to introduce innovative new energy vehicle solutions that will not only provide the most accessible green products to the local customers but also accelerate the electrification of Pakistan’s automotive industry.

Commenting on the momentous occasion, Aly Khan, Executive Director of Mega, stated: “As one of Pakistan’s largest conglomerates, we are thrilled to embark on this transformative journey with BYD”

“By combining our strengths and resources, we aim to catalyze the widespread adoption of EVs in Pakistan, driving positive change and ushering in a new era of sustainable mobility,” he added.

Aly Khan also stated that we will move aggressively for EV adoption in the country.

With the significant opening of the first three BYD flagship showrooms in Karachi, Lahore, and Islamabad in 2024, the aim is to provide customers with the opportunity to experience BYD’s world-leading new energy vehicle technology.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 184,409.67
393.48M
-0.61%
-1133.34
ALLSHR 110,382.58
1,026.61M
-0.45%
-501.36
KSE30 56,593.88
158.22M
-0.71%
-404.12
KMI30 259,208.41
213.19M
-0.87%
-2263.77
KMIALLSHR 70,710.78
493.25M
-0.60%
-427.51
BKTi 53,774.72
51.55M
-0.55%
-299.43
OGTi 36,045.04
14.71M
-0.59%
-214.34
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 90,645.00 0.00
0.00
240.00
0.27%
BRENT CRUDE 63.02 63.92
61.83
1.03
1.66%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-1.25
-1.42%
ROTTERDAM COAL MONTHLY 95.30 98.65
95.30
-2.90
-2.95%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 58.78 0.00
0.00
-0.34
-0.58%
SUGAR #11 WORLD 14.89 14.99
14.78
-0.08
-0.53%

Chart of the Day


Latest News
January 11, 2026 at 08:17 PM GMT+05:00

Weekly Market Roundup


January 10, 2026 at 11:13 PM GMT+05:00

Cap on the Card? U.S credit rates set to drop to 10%


January 10, 2026 at 04:12 PM GMT+05:00

Pakistan SOEs post Rs123bn net loss in FY25


January 10, 2026 at 01:15 PM GMT+05:00

Dr Kabir Ahmed Sidhu named new chairman of SECP


January 10, 2026 at 11:41 AM GMT+05:00

Key Pakistan Market Stats and Economic Indicators



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg