Caretaker Commerce Minister Dr. Gohar Ejaz revealed that Chinese electric vehicle (EV) giant BYD Company Limited is contemplating potential investments in Pakistan.
High-Level Meeting with BYD
In a recent development, Dr. Gohar Ejaz held a constructive meeting with BYD, a global leader in EVs, to discuss investment prospects in Pakistan. The minister also highlighted the government’s policy framework and the Strategic Investment Framework for Commerce (SIFC) during the discussions.
About BYD Co. Ltd.
BYD Co. Ltd., a publicly traded Chinese conglomerate with headquarters in Shenzhen, Guangdong, China, consists of two major subsidiaries, BYD Auto and BYD Electronic.
YD’s Global Presence in EV Production
BYD is a formidable contender in the global electric vehicle market, rivalling Elon Musk’s Tesla for the top spot in EV production. Notably, American entrepreneur Warren Buffet holds a 3 percent stake in the Chinese company.
Diversified Business Portfolio
BYD’s business portfolio extends beyond EVs; the company is involved in the manufacturing of handset components and photovoltaic products. Among its prominent customers are tech giants like Dell, Apple, Xiaomi, and Huawei.
