Chinese electric vehicle major BYD ( 002594.SZ ) on Saturday announced plans to open a car production plant in Pakistan, where it will also start selling three models through a partnership with Mega Motors.
BYD is the first major New Electric Vehicle (NEV) entrant in the Pakistani market, which lacks charging infrastructure.
“Our entry into the Pakistani market is not just about bringing modern vehicles to consumers,” said BYD Asia Pacific General Manager Liu Xueliang. “It’s about advancing a bigger vision of environmental responsibility and technological innovation.”
BYD also plans to open three “flagship stores and experience centers” in Karachi, Lahore, and Islamabad, the company said at a launch event in Lahore Pakistan, adding that it will sell two SUV models and one sedan from the fourth quarter of 2024.
Mega Motors is a unit of Pakistan’s largest private utility Hub Power Co Ltd (HPWR.PSX), better known as Hubco.
“We will set up Pakistan’s first NEV assembly plant… dedicated to manufacturing BYD’s latest energy vehicles,” said Hubco Chief Executive Kamran Kamal, who It called the deal a “historic investment”.
The new plant will begin operations in 2026.
Hubco will set up fast charging stations in major cities, motorways, and highways to expand charging infrastructure of Pakistan.