BYD, a leading new energy vehicle manufacturer, is set to officially showcase its cars in Pakistan on August 17, facilitated by the Special Investment Facilitation Council (SIFC). The company has partnered with Mega Motors Private Limited, a subsidiary of Hub Power Company, for this venture.
The strategic partnership between the companies was formally announced in March 2024. This initiative aims to introduce a wide range of electric and plug-in hybrid electric vehicles in Pakistan.
BYD has established itself as a prominent player in new energy vehicle production, becoming the world's top seller in this category in 2023, surpassing global competitors.
The SIFC considers reducing environmental pollution a key priority. This environmentally friendly initiative is expected to introduce new technology to Pakistan's automotive landscape.
The promotion of electric vehicles is seen as crucial for establishing a safe and stable Pakistan. This move aligns with SIFC's efforts to facilitate investments in eco-friendly technologies.
