Web Desk
Chinese electric carmaker BYD, plans to build a factory in port city of Karachi with a local partner to capture a share of Pakistan’s growing EV market, according to media reports.
Pakistan is the world’s fifth-largest nation by population that has seen Chinese companies including Great Wall Motor, Saic Motor and Chongqing Changan Automobile enter the market in recent years and compete with Japanese companies including Toyota Motor and Honda Motor’s local units. EV sales are still marginal in Pakistan relative to total auto sales.
BYD has teamed up with one of Pakistan’s largest business groups, Mega Conglomerate, in a partnership deal that goes beyond the usual dealership model they have in most markets, the source said. The Chinese company will be working in a joint venture with Mega Motors, a subsidiary of Hub Power, Pakistan’s largest independent electricity producer.
The factory will be set up near Karachi’s Port Qasim area that houses assembly plants for other automobile companies including Toyota, Suzuki Motor and Kia’s local units. It will be completed in the first half of 2026 .
BYD will set up showrooms in Karachi, Lahore, and Islamabad to start selling in the fourth quarter of this year.
China’s best-selling car brand, which sold three million units in 2023, is making a big push, especially in South-East Asia, Europe and Latin America, to capitalise on its status as a top EV and hybrid maker.
The Shenzhen-based firm, which has a presence in more than 80 countries, has signed deals with Hungary, Turkey and Brazil to start EV production. Its first factory outside of China opened in Thailand last month.
