Karachi: The Mega Motor Company (Private) Limited (MMC), the official Pakistani partner of Chinese electric vehicle giant BYD, has secured long-term financing from British International Investment (BII) to build Pakistan’s first purpose-built, large-scale new energy vehicle (NEV) manufacturing plant.
Under the agreement, BII — the United Kingdom’s development finance institution and impact investor — will provide foreign currency financing covering 25% of the total project cost. The state-of-the-art facility, featuring advanced automation and world-class manufacturing systems aligned with global automotive standards, is scheduled to begin commercial operations in the second half of 2026.
The landmark deal represents one of Pakistan’s earliest green energy-linked funding arrangements in the automotive sector, a significant step for a country facing severe air pollution and rising climate challenges. The plant is expected to create over 1,100 direct jobs, promote sustainable industrialisation, and help avoid an estimated 165,000 tonnes of carbon dioxide emissions by 2034.
MMC Chief Executive Officer Aly Khan described the investment as a transformational moment for Pakistan’s automotive industry, stating that clean mobility is central to achieving long-term economic and energy goals. He added that the project would accelerate NEV adoption, strengthen local manufacturing capabilities, enable technology transfer, and build a resilient industrial value chain.
Stephen Priestley, Managing Director and Head of Financial Services Group and Industries, Technology and Services at BII, said the investment aligns with BII’s commitment to sustainable industrial transformation and climate action, supporting Pakistan’s energy transition and clean transport ecosystem.
In parallel, MMC, with BII’s support, is rolling out a comprehensive environmental, social, and governance (ESG) framework, covering enhanced labour standards, occupational health and safety, stakeholder engagement, and responsible supply chain practices.