BYD & Mega Motor Secure British Funding for Pakistan’s First Major EV Plant. -

In a landmark development for Pakistan’s green energy sector, Mega Motor Company (MMC), the official partner of BYD, has signed a strategic financing agreement with British International Investment (BII). This long-term funding supports the establishment of Pakistan’s first purpose-built, large-scale New Energy Vehicle (NEV) manufacturing plant, located near Port Qasim, Karachi.

Key Highlights of the Mega Project

British Funding: BII will provide significant long-term foreign currency financing, covering 25% of the total project cost, estimated at approximately $150 million.
Launch Timeline: The state-of-the-art facility is currently under construction and is scheduled to go live in the second half of 2026 (specifically around July or August).
Production Capacity: The plant is designed for world-class automation and will initially have a capacity to produce 25,000 units per year on a double shift.
Environmental Impact: By promoting the shift to NEVs, the project aims to avoid an estimated 165,000 tonnes of CO2 emissions by 2034, contributing to improved air quality in major urban centers.
Job Creation: This greenfield investment is expected to create over 1,100 new direct jobs and thousands of indirect employment opportunities in manufacturing, distribution, and after-sales services.
Energy Infrastructure: To support the high-demand industrial operations, a dedicated 5MW power connection (scalable to 7.5MW) has been secured through an agreement with K-Electric.

Economic and Strategic Benefits

CEO of MMC, Aly Khan, emphasized that this collaboration lays the foundation for a globally competitive NEV ecosystem in Pakistan. The transition to locally assembled electric and plug-in hybrid vehicles is expected to reduce the national oil import bill while enabling technology transfer and a resilient industrial value chain.

Disclaimer: This post is for informational purposes based on the official financing agreement between Mega Motor Company and British International Investment. Project timelines and environmental targets are estimates provided by the involved entities and are subject to operational developments.