Mega Motor Company, a subsidiary of Hub Power Company Ltd (Hubco), has officially partnered with BYD Auto Industry Company Ltd, the global leader in new energy vehicles (NEVs). The announcement was made through a stock exchange filing on Thursday, outlining the details of the agreement.
Under this new collaboration, Mega Motor Company will manufacture, market, distribute, and sell BYD’s passenger vehicles in Pakistan. The agreement also includes technical licensing for the production of these vehicles.
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Hubco emphasized that BYD’s cutting-edge technology, combined with local expertise, will drive significant advancements in Pakistan’s automotive sector. This partnership aims to offer customers a diverse range of vehicles from one of the most prominent players in the global automotive industry.
BYD’s entry into the Pakistani market is expected to usher in a new era for the country’s automotive landscape, catering to growing consumer demand for advanced, energy-efficient vehicles.
