2024-08-16
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IT Home reported on August 16 that Bloomberg quoted people familiar with the matter on the 15th as saying that BYD plans to build a factory in Karachi, Pakistan in cooperation with a local manufacturer to gain a foothold in Pakistan's growing electric vehicle market.
Sources familiar with the matter said BYD will showcase three models planned for sale in Pakistan at a brand launch event on Saturday local time, includingAn SUV and a sedanBYD aims to launch more products to the market later, covering pure electric and plug-in hybrid models.
The person also revealed that BYD has partnered with Mega Conglomerate Pvt., one of Pakistan’s largest business groups, in a cooperation agreement that “goes beyond the dealer model they normally use in most markets.” At the same time, BYD will form a joint venture with Mega Motors, a subsidiary of Hub Power Co., Pakistan’s largest independent power producer.
In terms of progress, the factory will Completion in the first half of 2026The details are still under discussion. BYD will also set up showrooms in Karachi, Lahore and Islamabad and start sales in the fourth quarter of this year.
A BYD spokesperson confirmed that the company plans to enter the Pakistani market and launch pure electric and plug-in hybrid vehicles, but did not provide details on the company's plans to invest in building a factory in Pakistan.No comment。
In recent years, Chinese companies including Great Wall, SAIC and Changan have entered the Pakistani market to compete with local branches of Japanese companies such as Toyota and Honda.
IT Home checked public information and learned that BYD has been doing business in more than 80 countries and regions, and has signed agreements on the production of electric vehicles with Hungary, Turkey and Brazil.