Chinese automobile manufacturer BYD set to commence car assembly in Pakistan beginning in 2026.
BYD Kicks Off Electric Vehicle Production in Pakistan
Chinese automotive giant BYD has announced its entry into the Pakistani market with the launch of its first factory in the country. The factory, built in collaboration with Mega Motor Company, is located near Karachi and is expected to start operations next year.
BYD unveiled three models in Pakistan on August 17, 2024: the all-electric Atto 3, the Seal EV, and the hybrid Sealion 6. The factory will initially operate on a two-shift system with an annual production capacity of 25,000 units.
Initially, the factory will produce vehicles for the domestic market in Pakistan. However, it may also export to right-hand drive countries in the region based on freight costs and business economics. BYD may establish a NEV (New Energy Vehicle) assembly plant in Karachi, Pakistan in the future, subject to development needs.
The Pakistani plant will cater to the growing demand in emerging markets and leverage incentives provided by the Pakistani government. Sales of imported EVs in Pakistan have already surpassed internal targets by 30 percent, indicating a promising market for electric vehicles.
BYD aims to capture a 30 to 35 percent share in the Pakistani electric and plug-in hybrid vehicle sector. The market size for electric and plug-in hybrid vehicles in Pakistan is expected to grow three to four times in 2025 from about 1,000 units in 2024.
BYD started delivering imported EVs in Pakistan in March, though specific sales figures were not disclosed. The company has also announced the launch of the Shark 6 plug-in hybrid pickup truck in Pakistan on Friday. The Shark 6 was initially launched in Mexico under the name BYD Shark, but is not available in the Chinese market and has been renamed Shark 6 in several overseas markets.
It is worth noting that BYD has temporarily suspended plans to build a major car plant in Mexico due to geopolitical tensions. However, the company plans to roll out its first electric vehicle assembled in Pakistan by July or August 2026.
In China, the Atto 3 is known as the Yuan Plus, and the Sealion 6 is called the Song Plus DM-i. The factory, which has been under construction since April, is a significant step for BYD's global expansion strategy.
BYD (HKG: 1211, OTCMKTS: BYDDY) has announced its entry into Pakistan, marking its expansion into a new market. The company's strategic move into Pakistan reflects the growing demand for electric vehicles in emerging markets and the incentives provided by the Pakistani government. As the factory ramps up production, we can expect to see more electric vehicles hitting the roads in Pakistan in the coming years.
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