BYD to Revolutionize Pakistani Auto Market with NEV Plant and Flagship Stores

Chinese electric vehicle giant BYD announced plans to establish a car production plant in Pakistan and start selling three models in partnership with Mega Motors. The venture marks BYD as the first major NEV entrant in Pakistan, aiming to expand charging infrastructure and environmental responsibility.

Chinese electric vehicle giant BYD (002594.SZ) on Saturday announced plans to open a car production plant in Pakistan, aiming to revolutionize the local market.

BYD, in partnership with Mega Motors, will sell three models, making it the first major new electric vehicle entrant in the country, which currently has limited charging infrastructure. 'Our entry into the Pakistani market is not just about bringing advanced vehicles to consumers,' said Liu Xueliang, BYD's general manager for Asia Pacific.

BYD also plans to launch flagship stores and experience centers in Karachi, Lahore, and Islamabad, starting sales of two SUVs and a sedan from the fourth quarter of 2024. Hubco's Chief Executive Kamran Kamal confirmed plans to set up Pakistan's first NEV assembly plant, aimed to start operations in 2026, and establish fast-charging stations across major cities, motorways, and highways.

(With inputs from agencies.)