Chinese electric vehicle giant BYD is set to roll out its first locally assembled electric and plug-in hybrid vehicles in Pakistan by July or August 2026, as part of its expansion into emerging markets. The plant, under construction since April near Karachi, is a joint venture between BYD and Mega Motor Company, a subsidiary of the Hub Power Company.
The facility will initially have a double-shift production capacity of 25,000 units per year and will begin by assembling imported parts, with some non-electric components produced locally. Initially focused on the domestic market, BYD also sees potential for future exports to nearby right-hand drive countries, depending on costs and demand.
Danish Khaliq, Vice President of Sales and Strategy at BYD Pakistan, noted that Pakistan’s EV and plug-in hybrid market is expected to triple or quadruple in size by 2025, growing from around 1,000 units this year. BYD is targeting a 30–35% share of this expanding segment.
While the company began delivering imported EVs in March 2024, Khaliq revealed that initial sales exceeded internal forecasts by 30%, despite a lack of widespread charging infrastructure. He added that the market’s rapid growth means BYD doesn’t expect to face overcapacity challenges.
BYD will also launch its Shark 6 plug-in hybrid pickup truck this Friday, entering a segment already tapped by MG and soon to be joined by Haval. Plug-in hybrids are gaining traction in Pakistan due to limited EV charging facilities, although recent government incentives, including a 45% cut in power tariffs for EV chargers, are helping support adoption.
According to Hubco’s latest financials, BYD Pakistan posted Rs444 million ($1.56 million) in profit in the March 2025 quarter, underlining strong early momentum in the market.
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