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Lucky Motors is betting fuel-price shocks and rooftop solar adoption will speed up electric vehicle demand, as it launches EVs with Chinese state-owned automaker Guangzhou Automobile Group (GAC) and plans local assembly as early as the year-end, its CEO told Reuters.
The launch comes as local consumers face their sharpest fuel price increases in years, with prices double those of four years ago, as the US-Iran conflict disrupts supply through the Strait of Hormuz.
“Every crisis has an opportunity. This crisis has actually helped Pakistani consumers transition fast from conventional fuel vehicles to new energy vehicles,” said Muhammad Faisal, CEO of Lucky Motors.
Under an agreement with GAC, Lucky Motors began displaying four Aion and Hyptec models from GAC across Pakistan this week and plans to begin local manufacturing of its partner’s EVs as soon as December 2026, he said.
