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

When medicine fails
Updated 18 Nov, 2024

When medicine fails

Between now and 2050, medical experts expect antibiotic resistance to kill 40m people worldwide.
Nawaz on India
Updated 18 Nov, 2024

Nawaz on India

Nawaz Sharif’s hopes of better ties with India can only be realised when New Delhi responds to Pakistan positively.
State of abuse
18 Nov, 2024

State of abuse

DESPITE censure from the rulers and society, and measures such as helplines and edicts to protect the young from all...
Football elections
17 Nov, 2024

Football elections

PAKISTAN football enters the most crucial juncture of its ‘normalisation’ era next week, when an Extraordinary...
IMF’s concern
17 Nov, 2024

IMF’s concern

ON Friday, the IMF team wrapped up its weeklong unscheduled talks on the Fund’s ongoing $7bn programme with the...
‘Un-Islamic’ VPNs
Updated 17 Nov, 2024

‘Un-Islamic’ VPNs

If curbing pornography is really the country’s foremost concern while it stumbles from one crisis to the next, there must be better ways to do so.