Mega Motor Company (Private) Limited, an associate of The Hub Power Company Limited (HUBCO), has entered into a Master Supply and Manufacture Agreement with BYD Auto Industry Company Limited to manufacture, market, and distribute BYD brand passenger vehicles in Pakistan.
This partnership will include a technical license agreement for the licensed products.
“BYD’s leading technology coupled with our local expertise will catapult Pakistan’s automotive sector into the future offering customers variety and choice from the world’s leading automotive technology company,” HUBCO said in a notice sent to the Pakistan Stock Exchange (PSX) on Thursday.
Earlier, Bloomberg reported in August that the Chinese automaker BYD will be working in a joint venture with Mega Motors, a subsidiary of Hub Power, Pakistan’s largest independent electricity producer, to set up a factory near Karachi’s Port Qasim area that houses assembly plants for other automobile companies including Toyota, Suzuki Motor and Kia’s local units.
The factory will be completed in the first half of 2026 with exact details of the plant still under discussion, according to the source. It will also set up showrooms in Karachi, Lahore, and Islamabad to start selling in the fourth quarter of this year, according to the source.
On August 17, 2024, BYD officially entered the Pakistani market, heralding a new era of eco-friendly transportation for Pakistani consumers. The company’s launch event was held in Lahore’s Expo Centre where it showcased its long-term vision for Pakistan and commitment to leading the automotive revolution towards sustainable mobility.
The launch event was attended by Federal Minister for Finance Senator Muhammad Aurangzeb, who welcomed BYD’s arrival as a milestone in Pakistan’s journey towards sustainability.
Three upcoming models BYD Sealion 6, BYD Seal, and BYD Atto 3—were unveiled during the event.
Pakistan is the world’s fifth-largest nation by population that has seen Chinese companies including Great Wall Motor, Saic Motor and Chongqing Changan Automobile enter the market in recent years and compete with Japanese companies including Toyota Motor and Honda Motor’s local units. EV sales are still marginal in Pakistan relative to total auto sales.
