BYD, the leading electric car manufacturer in China, has expressed its interest in investing in Pakistan to manufacture cutting-edge electric vehicles. Teaming up with local partner Mega Conglomerate Private Limited, BYD aims to contribute to Pakistan’s endeavors in combating pollution and embracing eco-friendly transportation alternatives.

BYD’s investment aims to introduce eco-friendly vehicles to the Pakistani market while also contributing to the growth of the nation’s automotive sector. The company’s strategy involves producing electric vehicles within Pakistan and exporting RHD vehicles to other markets.

The government’s commitment to attracting foreign investments is evident in this initiative, particularly in light of the collaboration between Pakistan and China through the China-Pakistan Economic Corridor (CPEC). In a recent meeting, Pakistani officials and the Chinese Ambassador deliberated on the establishment of five additional economic corridors. These corridors will prioritize job creation, innovation, green energy, and regional development, further solidifying the partnership between the two nations in fostering economic growth and sustainability.