Sazgar Engineering Works Limited has officially notified the Pakistan Stock Exchange (PSX) of its intent to launch ARCFOX New Energy Vehicles (NEVs) in Pakistan. ARCFOX is a premium electric vehicle brand by BAIC Group, developed in collaboration with Magna and Huawei.
Pakistan’s automotive sector is set to witness another major development as Sazgar Engineering Works Limited expands its footprint in the electric vehicle market. In a formal disclosure to the Pakistan Stock Exchange (PSX) on September 25, 2026, the company confirmed its plans to introduce ARCFOX New Energy Vehicles (NEVs) to local consumers. This strategic move aims to diversify Sazgar’s existing portfolio by bringing high-end, intelligent electric vehicles to the country.
Official Disclosure to the Pakistan Stock Exchange
On September 25, 2026, Sazgar Engineering Works Limited submitted a material information disclosure form under Section 131 of the Securities Act, 2015. The notification, issued from their registered office in Lahore, was addressed to the General Manager of the PSX and the Securities & Exchange Commission of Pakistan (SECP), formally announcing the introduction of ARCFOX EVs. Signed by the Company Secretary, Arshad Mahmood, the document confirms Sazgar’s commitment to expanding its New Energy Vehicle (NEV) lineup in Pakistan.
What Are ARCFOX New Energy Vehicles?
ARCFOX is positioned as a high-end, intelligent electric vehicle brand operating under the umbrella of China’s BAIC Group. The brand focuses on delivering premium design and advanced technological features to the EV market. According to the official company disclosure, ARCFOX vehicles are developed through significant engineering and technology collaborations with global industry leaders, specifically Magna and Huawei.
Key Details of the Announcement
To understand the scope of this development, here are the core facts extracted directly from Sazgar’s official notification:
- Company: Sazgar Engineering Works Limited
- Notification Date: September 25, 2026
- New Brand Introduced: ARCFOX New Energy Vehicles (NEVs)
- Parent Group: BAIC Group
- Key Technological Partners: Magna and Huawei
- Regulatory Bodies Notified: Pakistan Stock Exchange (PSX) and SECP
The introduction of ARCFOX marks a significant milestone for Sazgar Engineering as it continues to strengthen its presence in Pakistan’s rapidly evolving automobile market. By bringing in a premium EV brand backed by major technology and manufacturing partners, Sazgar is positioning itself to cater to the growing local demand for advanced, technology-driven transportation solutions.
