BYD plans to build electric car factory in Pakistan
BYD to showcase three models planned for sale in Pakistan at brand launch on Saturday。According to Bloomberg, its electric vehicle plant in Karachi will be completed in the first half of 2026。
BYD to showcase three models planned for sale in Pakistan at brand launch on Saturday。According to Bloomberg, its electric vehicle plant in Karachi will be completed in the first half of 2026。
According to reports, BYD (HKG: 1211, OTCMKTS: BYDDY) will build an electric vehicle (EV) plant in Pakistan to further expand the international automobile market。
BYD plans to build a plant in Karachi with local partners to gain a foothold in Pakistan's growing electric vehicle market, Bloomberg said yesterday, citing a person familiar with the matter.。
The Chinese new energy vehicle (NEV) maker will unveil three models it plans to sell in Pakistan, including an SUV and a sedan at Saturday's brand launch, the person said.。
加入我们 电报 或者 谷歌新闻 <样式>According to reports, BYD plans to introduce more models to the local market later, including pure electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) models。
sources said the company will set up showrooms in karachi, lahore and islamabad and start selling in the fourth quarter of this year。
According to the report, a BYD spokesperson confirmed that the company plans to enter the Pakistani market with pure electric and plug-in hybrid models, but declined to comment on plans for the local factory。
According to Bloomberg, the plant will be located near Karachi's Port Qasim, which is home to assembly plants for other car companies such as Toyota, Suzuki and local Kia subsidiaries。
The person said that the plant will be completed in the first half of 2026, and the specific details of the plant are still under discussion.。
The person was quoted by Bloomberg as saying BYD had partnered with Mega Conglomerate Pvt, one of Pakistan's largest business groups, in a deal that went beyond the usual dealer model in most markets.。
The new energy vehicle maker will reportedly form a joint venture with Mega Motors, a subsidiary of Hub Power, Pakistan's largest independent power producer.。
Pakistan is the world's fifth most populous country, in recent years, Great Wall Motor, SAIC, Changan Automobile and other Chinese enterprises to enter the local market。According to the Bloomberg report, the sales of electric vehicles in Pakistan are still very small compared to total car sales.。
BYD has launched an electric bus business in Pakistan and launched its first fully electric bus to the country in April 2021.。
In late June, Hub Power said BYD planned to work with its subsidiaries to enter Pakistan to sell electric vehicles there.。
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.