Chinese electric vehicle manufacturer BYD Co. is set to establish a factory in Karachi in collaboration with a local partner to tap into Pakistan’s expanding EV market.
The company plans to unveil three new models, including an SUV and a sedan, at its brand launch event on Saturday. BYD intends to introduce more models in the future, featuring both battery-electric and plug-in hybrid options.
A BYD spokesperson confirmed the company’s intention to introduce battery-electric and plug-in hybrid vehicles in Pakistan but did not provide details on the planned factory investment.
Pakistan, the fifth-largest country by population, has seen recent entries from Chinese automakers such as Great Wall Motor, SAIC Motor, and Changan, competing with Japanese brands like Toyota and Honda. Despite this, EV sales remain a small fraction of total auto sales in the country.
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BYD has formed a strategic partnership with Mega Conglomerate Pvt., one of Pakistan’s largest business groups, to set up a factory near Port Qasim in Karachi. This joint venture with Mega Motors, a subsidiary of Hub Power Co., Pakistan’s largest independent power producer, marks a shift from BYD’s typical dealership model.
The factory, which will be located alongside other automobile assembly plants, is expected to be completed in the first half of 2026. Details of the plant’s specifications are still being finalized.
BYD plans to open showrooms in Karachi, Lahore, and Islamabad by the fourth quarter of this year. As China’s top-selling car brand with three million units sold in 2023, BYD is expanding aggressively into Southeast Asia, Europe, and Latin America.
The company, based in Shenzhen and active in over 80 countries, recently began EV production in Hungary, Turkey, and Brazil, with its first factory outside China opening in Thailand last month.
