Chinese electric vehicle giant BYD has announced plans to launch its first locally assembled car in Pakistan by July or August 2026.
The strategy is to target the growing demand for electric and plug-in hybrid vehicles in the region, a company executive said on Wednesday.
The world’s top EV maker, BYD has been expanding rapidly outside its home market, where it is in a strong price war.
The Pakistan plant’s aim is to meet growing demand in emerging markets while also leveraging incentives provided by the Pakistani government.
The plant has been under construction since April near Karachi in a partnership between BYD and Mega Motor Company.
A subsidiary of Pakistani utility Hub Power and vice president of sales and strategy at BYD Pakistan, Danish Khaliq, told Reuters that it would initially have the capacity to produce 25,000 units a year on a double shift, he said.
He did not specified that when the plant would achieve full capacity or say when mass production would begin there.
The plant will start by assembling imported parts, with some local production of non-electric components, Khaliq said.
He further added that he would initially produce vehicles for the domestic market with potential to export to right-hand drive countries in the region depending on freight costs and business economics.
He also said that as a company he doesn’t see excess capacity in our system until there is increase in demand in Pakistan.
BYD began the delivery of imported EVs in Pakistan in March. Khaliq did not give an exact sales number but said the sales of a few hundred cars had exceeded internal targets by 30%.
Khaliq said he expected the market size of EVs and plug-in hybrid cars in Pakistan to grow three to four times in 2025 from around 1,000 total units in 2024. BYD is targeting a 30-35% share of the segment, Khaliq said.
Based on a HUBCO filing, BYD Pakistan made around Rs444 million ($1.56 million) in profit in the 2025 March quarter.
BYD will launch its Shark 6 plug-in hybrid pickup truck in Pakistan on Friday. China’s MG already sells a PHEV SUV, while rival Haval is set to join the segment soon.
Plug-in hybrids offered more practical option in Pakistan as the country faces a lack of charging stations for all-electric vehicles.
The government slashed power tariffs for chargers by 45% in January to encourage EV uptake and private charging stations.
