Major Update Issued for Jaecoo PHEV and Omoda E5 EV Buyers

NexGen Auto, a Pakistani subsidiary of the Nishat Group, has started producing vehicles months before its planned launch, according to a report by Business Recorder. The company had initially scheduled production to start in March 2026, but it moved ahead and activated the assembly line in November.

The update was shared during a corporate briefing session of Nishat Power Limited (NPL). During the session, NPL announced it will invest up to Rs. 2 billion in NexGen Auto over the long term. The company plans to acquire a 33 percent stake through the subscription of 200 million shares.

NexGen Auto’s facility, located next to Hyundai’s assembly line, will assemble two models: the Jaecoo plug-in hybrid and the Omoda E5 fully electric vehicle. Around 2,000 units have already been booked, with roughly 20 percent advance payments collected.

Several vehicles have reached the paint shop, and deliveries of CKD units are expected to begin by mid-December. The plant can produce up to 32,000 vehicles per year, or roughly 2,667 units per month on a double shift, while a single shift operates at half that capacity.

Via: Business Recorder