China’s BYD plans car plant in Karachi as part of Pakistan entry

Published August 17, 2024
An attendee takes photos of the Chinese electric vehicle BYD models on display, during an event to announce the plans to open a car production plant in Pakistan, in Lahore, August 17. — Reuters
An attendee takes photos of the Chinese electric vehicle BYD models on display, during an event to announce the plans to open a car production plant in Pakistan, in Lahore, August 17. — Reuters

Chinese electric vehicle giant BYD on Saturday announced plans to open a car production plant in Pakistan, where it will also start selling three models through a partnership with Mega Motors.

BYD is the first major new electric vehicle (NEV) entrant in the market, where there is a lack of charging infrastructure.

“Our entry into the Pakistan market is not just about bringing advanced vehicles to consumers,” said Liu Xueliang, BYD’s general manager for Asia Pacific.

“It’s about driving a broader vision of environmental responsibility and technological innovation.”

BYD also plans to open three “flagship stores and experience centres” in Karachi, Lahore and Islamabad, the company said at a launch event in Lahore, adding it plans to start selling two SUV models and a sedan from the fourth quarter of 2024.

Mega Motors is a unit of country’s largest private utility Hub Power Co Ltd, known as Hubco.

“We will establish Pakistan’s first NEV assembly plant […] dedicated to producing BYD’s cutting-edge new energy vehicles,” said Hubco Chief Executive Kamran Kamal, who described the deal as a “landmark investment”.

The new plant will begin operations in 2026, Kamal told Reuters.

Hubco will set up fast-charging stations across major cities, motorways and highways to enhance the charging infrastructure of the country.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kabul visit
Updated 26 Mar, 2025

Kabul visit

Islamabad should continue to emphasise that presence of terrorists on Afghan soil stands in the way of normal commercial ties.
Drought warning
26 Mar, 2025

Drought warning

DRIVEN by rising temperatures linked to climate change, increasing drought events across Pakistan have affected tens...
Deadly roads
26 Mar, 2025

Deadly roads

DESPITE daytime restrictions on heavy vehicles, Karachi continues to witness one horrific traffic accident after...
Shortcut tactics
Updated 25 Mar, 2025

Shortcut tactics

IMF’s decision to veto move to reduce retail power tariffs seems to be against interests of middle-class consumers.
Unforced error
Updated 25 Mar, 2025

Unforced error

State must not push ordinary citizens away with its excesses when dealing with Balochistan.
Losing again
25 Mar, 2025

Losing again

WHEN Pakistan’s high-risk Twenty20 approach did not work, there was no fallback plan and they collapsed in a heap...