Chinese electric vehicle giant BYD announced on Saturday its plans to open a car production plant in Pakistan and to begin selling three models through a partnership with Mega Motors.
As the first major new electric vehicle (NEV) player in Pakistan, BYD is entering a market with limited charging infrastructure.
“Our entry into the Pakistani market goes beyond just introducing advanced vehicles to consumers,” said Liu Xueliang, BYD’s general manager for Asia Pacific. “It’s about promoting a broader vision of environmental responsibility and technological innovation.”
BYD also revealed plans to establish three flagship stores and experience centers in Karachi, Lahore, and Islamabad. The company aims to start selling two SUV models and a sedan in the fourth quarter of 2024.
Mega Motors, a subsidiary of Pakistan’s largest private utility, Hub Power Co Ltd (Hubco), is partnering with BYD in this venture.
“We are set to establish Pakistan’s first NEV assembly plant dedicated to producing BYD’s state-of-the-art new energy vehicles,” said Hubco Chief Executive Kamran Kamal, calling the deal a “landmark investment.”
The new production plant is scheduled to begin operations in 2026, Kamal informed Reuters.
Additionally, Hubco plans to set up fast-charging stations across major cities, motorways, and highways to bolster Pakistan’s charging infrastructure.
