Finance Minister Muhammad Aurangzeb on Thursday met a delegation from BYD Group and Mega Motor Company (MMC) and reaffirmed the government's support for electric vehicle manufacturing and localisation in the country, the finance ministry wrote on X.
Delegation Details
The ministry said that the delegation was led by Mr. Liu Xueliang of BYD Group and General Manager, BYD Asia Pacific Auto Sales Division, and Mr. Aly Khan, Chief Executive Officer, Mega Motor Company (Private) Limited.
Government Commitment
According to a statement posted by the Ministry of Finance on X, Aurangzeb welcomed the delegation and appreciated BYD's growing footprint in Pakistan, underscoring the importance of strengthening business-to-business collaboration as a key pillar of the evolving Pakistan-China economic partnership. He said, "Pakistan attached high priority to attracting technology-driven investments and expressed confidence that the BYD-MMC joint venture would contribute to industrial development, technology transfer, job creation and export growth."
BYD's Plans
Liu briefed the minister on BYD's operations and plans in Pakistan, highlighting progress in introducing new energy vehicle technologies to the local market in partnership with MMC. He appreciated the Government of Pakistan’s support for the development of the electric vehicle (EV) sector and informed the meeting that construction of the company’s local manufacturing facility was progressing according to schedule and outlined plans to expand its product portfolio, accelerate localisation, introduce advanced charging technologies and contribute to Pakistan's EV ecosystem through investment, technology transfer and capacity building.
Long-term Vision
The delegation said Pakistan had growing potential as a market for new energy vehicles and outlined a long-term vision of positioning the country as a regional hub for EV manufacturing and exports. It also highlighted plans to develop charging infrastructure with local partners and train Pakistani engineers and technicians to support future growth in the sector.
Mega Motor's Role
Aly Khan told the minister that Pakistan occupied a strategic position in BYD's global expansion plans and reiterated the joint venture's commitment to long-term investment in the country. He also briefed the meeting on progress of the manufacturing project and outlined a phased localisation roadmap aimed at increasing local content through engagement with domestic vendors and suppliers.
Macroeconomic Environment
Aurangzeb said global trends pointed towards an accelerating transition to electric mobility and reiterated the government's commitment to facilitating investments that support technological advancement, sustainable industrialisation and energy efficiency. He said Pakistan's improving macroeconomic fundamentals and stronger external sector position had created a conducive environment for productive investment and industrial expansion.
Charging Infrastructure
The finance minister encouraged the delegation to accelerate efforts towards local assembly, manufacturing and charging infrastructure development, noting that a robust charging network would be critical to speeding up adoption of electric vehicles across the country.
Pakistan-China Cooperation
He also highlighted the contribution of Chinese enterprises to Pakistan's industrial development and expressed confidence that the BYD-MMC partnership would further deepen economic cooperation between Pakistan and China.
Role of PHEVs
The meeting also included discussions on the future role of electric vehicles and plug-in hybrid electric vehicles (PHEVs) in Pakistan. The BYD delegation shared international experience on the evolution of EV markets and highlighted the complementary role of PHEVs during the transition phase, particularly in markets where charging infrastructure is still developing.
Renewable Energy Synergies
Participants also discussed opportunities arising from Pakistan's increasing adoption of solar energy and potential synergies between renewable energy and electric mobility. Both sides reaffirmed their commitment to strengthening collaboration in electric mobility, local manufacturing, technology transfer, skills development and sustainable transportation, with the shared objective of positioning Pakistan as a leading regional destination for new energy vehicle production and innovation.
