According to a business executive on Wednesday, the Chinese electric vehicle manufacturer BYD (002594.SZ) intends to launch its first automobile built in Pakistan by July or August 2026 in order to meet the region’s rising demand for electric and plug-in hybrid vehicles.
The leading EV manufacturer in the world, BYD, has been growing quickly outside of its native market, where it is engaged in a fierce pricing war. In addition to meeting growing demand from emerging markets, the Pakistan factory enables the business to benefit from government incentives in Pakistan.
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Danish Khaliq, vice president of sales and strategy at BYD Pakistan, told Reuters that the facility, which has been built in Karachi since April as part of a collaboration between BYD and Mega Motor Company, a division of Pakistani utility Hub Power (HPWR.PSX), opens a new tab.
According to him, it would initially be able to produce 25,000 units annually on a double shift. He did not specify when mass production would start at the factory or when it would reach full capacity.
Khaliq stated that the plant would initially manufacture vehicles for the domestic market, with the possibility of exporting to right-hand drive countries in the region contingent on freight costs and business economics. The plant will begin by assembling imported parts, with some local production of non-electric components.
“We do not foresee excess capacity in our system as demand in Pakistan will catch up,” he stated.
In March, BYD began shipping imported EVs to Pakistan. Although Khaliq did not provide a precise sales figure, he did state that sales of a few hundred cars had surpassed internal goals by thirty percent.
Khaliq predicted that the number of EVs and plug-in hybrid vehicles sold in Pakistan will increase from about 1,000 units in 2024 to three to four times that amount in 2025. Khaliq stated that BYD is aiming for a 30–35% market share.
According to a HUBCO filing, BYD Pakistan’s March 2025 quarter earnings were around 444 million rupees ($1.56 million).
On Friday, BYD will introduce its Shark 6 plug-in hybrid pickup truck in Pakistan. Because there aren’t enough charging stations for all-electric cars in Pakistan, plug-in hybrids are a more sensible choice. In January, the government reduced charger power rates by 45% in an effort to promote the use of private charging stations and EVs.
