Mega Motor Company Secures BII Financing for Pakistan’s First Large-Scale NEV Plant
Mega Motor Company (MMC), the official partner of BYD in Pakistan, has signed a major financing agreement with British International Investment (BII) to establish the country’s first purpose-built, large-scale New Energy Vehicle (NEV) manufacturing plant.
The landmark deal marks one of the earliest green energy–linked funding arrangements in Pakistan’s automotive sector, positioning MMC at the forefront of the country’s clean mobility transition.
BII to Fund 25% of Project Cost
Under the agreement, BII will provide long-term foreign currency financing covering 25 percent of the total project cost. The funding will be directed toward MMC’s state-of-the-art NEV manufacturing facility, which is scheduled to go live in the second half of 2026.
The upcoming plant will incorporate advanced automation systems and world-class manufacturing standards aligned with leading global automotive benchmarks. Once operational, it is expected to significantly scale up Pakistan’s capacity to locally assemble and manufacture electric and hybrid vehicles.
Clean Mobility Push Gains Momentum
Pakistan currently faces severe environmental challenges, with air pollution ranking among the worst globally. According to data from the Pakistan Institute of Development Economics, the transport sector accounts for more than 43 percent of the country’s greenhouse gas (GHG) emissions.
Research suggests that even a 30 percent shift to NEVs could reduce overall emissions by nearly 20 percent. Policymakers view clean mobility as one of the most practical and impactful strategies to cut carbon output, reduce reliance on imported fuel, and stimulate domestic green industries.
The MMC project is expected to create over 1,100 direct jobs while contributing to sustainable industrialisation. Environmental projections estimate the facility could help avoid approximately 165,000 tonnes of COâ‚‚ emissions by 2034.
Leadership Statements Highlight Strategic Importance
Aly Khan, CEO of Mega Motor Company, described the initiative as a turning point for Pakistan’s automotive landscape. He emphasized that the greenfield investment will not only accelerate NEV adoption but also build a resilient value chain that fosters job creation, technology transfer, and long-term industrial capability.
Stephen Priestley, Managing Director and Head of Financial Services Group, and Industries, Technology and Services at British International Investment, said the investment aligns with BII’s commitment to sustainable industrial transformation and climate action. He noted that the partnership will strengthen Pakistan’s clean transport ecosystem while generating employment in a rapidly growing green sector.
Focus on ESG and Responsible Manufacturing
Alongside infrastructure development, MMC is implementing robust environmental, social, and governance (ESG) frameworks with BII’s support. These include strengthened labour standards, enhanced occupational health and safety systems, active stakeholder engagement, and responsible supply-chain management practices.
With the plant set to begin operations in 2026, the collaboration signals a significant step toward building a competitive NEV ecosystem in Pakistan and accelerating the country’s energy transition.
