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Gulf Press > Business > Chinese company BYD plans to establish a car manufacturing plant in Karachi as a part of its entry into Pakistan – News
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Chinese company BYD plans to establish a car manufacturing plant in Karachi as a part of its entry into Pakistan – News

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Last updated: 2024/08/19 at 4:54 AM
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Chinese electric vehicle giant BYD has announced plans to open a car production plant in Pakistan and start selling three models through a partnership with Mega Motors. This move marks BYD as the first major new electric vehicle entrant in the Pakistani market, which currently lacks charging infrastructure. BYD’s general manager for Asia Pacific, Liu Xueliang, stated that their entry into the Pakistani market will not only bring advanced vehicles to consumers but also drive a broader vision of environmental responsibility and technological innovation.

In addition to the production plant, BYD plans to open three “flagship stores and experience centers” in Karachi, Lahore, and Islamabad. The company aims to start selling two SUV models and a sedan from the fourth quarter of 2024. Mega Motors, a unit of Pakistan’s largest private utility Hub Power Co Ltd, known as Hubco, will establish Pakistan’s first NEV assembly plant dedicated to producing BYD’s cutting-edge new energy vehicles. Hubco Chief Executive Kamran Kamal described the deal as a landmark investment, and the new plant is set to begin operations in 2026.

As part of the partnership, Hubco will set up fast-charging stations across major cities, motorways, and highways to enhance Pakistan’s charging infrastructure. This infrastructure development will play a crucial role in supporting the adoption of electric vehicles in the country. The BYD models to be sold in Pakistan include two SUV models and a sedan, catering to different consumer preferences in the market. This strategic move by BYD and Hubco signifies a shift towards cleaner energy solutions in Pakistan.

The entry of BYD into the Pakistani market is expected to bring about significant changes in the automotive industry. With a focus on environmental responsibility and technological innovation, BYD aims to provide consumers with advanced electric vehicles that align with sustainability goals. The establishment of the NEV assembly plant by Hubco will further boost the local production of electric vehicles in Pakistan. The partnership between BYD and Hubco demonstrates a commitment to driving sustainable mobility solutions in the country.

The establishment of flagship stores and experience centers in major cities like Karachi, Lahore, and Islamabad will provide consumers with a hands-on experience of BYD’s electric vehicles. This initiative will help raise awareness about the benefits of switching to electric vehicles and showcase the advanced technology embedded in BYD’s models. By offering a range of SUV and sedan options, BYD aims to cater to diverse consumer preferences in the Pakistani market. The availability of these models through Mega Motors will make it more convenient for consumers to access and purchase electric vehicles.

Overall, BYD’s entry into the Pakistani market signals a positive shift towards cleaner and more sustainable transportation options. The collaboration between BYD and Hubco in setting up a NEV assembly plant and charging infrastructure underscores the commitment to promoting environmentally friendly practices in Pakistan. As the automotive industry continues to evolve towards electric mobility, the introduction of BYD’s electric vehicles in Pakistan will play a pivotal role in shaping the future of transportation in the country. With a focus on environmental responsibility and technological innovation, BYD is poised to make a significant impact in the Pakistani automotive market.

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News Room August 19, 2024
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