New EV Manufacturing Project Aims to Cut Emissions and Create 1,100 Jobs in Pakistan
Mega Motor Company (MMC), the official partner of BYD in Pakistan, has signed a financing agreement with British International Investment to build the country’s first purpose-built large-scale New Energy Vehicle (NEV) manufacturing plant. The UK institution will provide long-term foreign-currency funding covering 25% of the project cost. The facility, expected to become operational in the second half of 2026, will use advanced automation and global-standard production systems.
The deal represents one of Pakistan’s earliest green-linked automotive financing initiatives and is intended to expand access to affordable clean transportation. According to the Pakistan Institute of Development Economics, the transport sector generates over 43% of the country’s greenhouse-gas emissions, while a 30% shift to NEVs could cut overall emissions by nearly 20%. The project is projected to create more than 1,100 jobs and prevent about 165,000 tonnes of CO₂ emissions by 2034.
Company leadership described the investment as a turning point for Pakistan’s clean mobility transition, highlighting its role in building a competitive NEV ecosystem, strengthening local supply chains, and enabling technology transfer. Alongside construction, MMC and its partner will implement environmental, social, and governance (ESG) standards, including improved labour practices, safety systems, stakeholder engagement, and responsible sourcing frameworks.
