BYD Builds EV Plant Near Karachi to Boost Local and Regional Sales
BYD to Build Electric Car Plant Near Karachi
KARACHI: Chinese electric car company BYD, the world’s biggest EV maker, is building a factory near Karachi to meet growing demand in Pakistan and other nearby countries.
The plant is being set up with Mega Motor Company, a part of Pakistan’s Hub Power group. Construction started in April this year. The factory will first assemble cars using imported parts but will also make some non-electric parts locally.
The plant will be able to make 25,000 vehicles a year using two shifts. In the beginning, the cars will only be sold in Pakistan. Later, BYD might export to nearby right-hand drive countries, depending on shipping costs and business conditions.
“We believe local demand will grow fast,” said Danish Khaliq, BYD Pakistan’s Vice President.
BYD started selling imported electric cars in Pakistan in March 2024. While exact numbers weren’t shared, sales have already beaten the company’s target by 30%.
Khaliq said Pakistan’s market for EVs and plug-in hybrids may grow 3 to 4 times in 2025, up from just 1,000 units sold in 2024. BYD wants to grab a 30% to 35% share of this growing market.
On Friday, BYD launched its Shark 6 plug-in hybrid pickup truck in Pakistan. It will compete with China’s MG, which already sells a hybrid SUV here. Another Chinese brand, Haval, is also planning to enter the market.
Plug-in hybrids are popular in Pakistan because there are still very few charging stations for electric vehicles. To help with this, the government cut power prices for EV chargers by 45% in January 2025.
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