- BYD plans to enter the Pakistani market with electric vehicles.
- A new manufacturing plant in Karachi is scheduled to begin operations in 2026.
- The company will open three flagship stores in major Pakistani cities.
Beijing/Karachi, August 18 (FFN) – Chinese electric vehicle giant BYD has announced plans to build a new automobile manufacturing plant in Karachi as part of its strategic entry into the Pakistani market. This initiative responds to the growing demand for new energy vehicles (NEV) in the region.
In collaboration with local partner Mega Motors, a subsidiary of Hub Power Co (Hubco), Pakistan’s largest private company, BYD will begin selling three models of its vehicles in the fourth quarter of 2024. These models will include two SUVs and a sedan.
Table: BYD’s Planned Steps in Pakistan
| Step | Timeline | Details |
|---|---|---|
| NEV sales launch | Q4 2024 | Three models: two SUVs and one sedan |
| Construction of manufacturing plant | Completion by 2026 | Manufacturing plant for new energy vehicles in Karachi |
| Opening of flagship stores | 2024 | Stores in Karachi, Lahore, and Islamabad |
| Development of fast-charging stations | 2024 and beyond | Stations in major cities and on major highways |
Important: This move by BYD is seen as a groundbreaking investment that could significantly impact the automotive market in Pakistan and contribute to improving environmental responsibility in the region.
