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KARACHI: Chinese automotive giant BYD is poised to make its official entry into the Pakistani market, with a grand brand launch scheduled for August 17.

The world’s leading New Energy Vehicle (NEV) manufacturer has partnered with Mega Motor Company, a subsidiary of Hub Power Company Limited (Hubco), to introduce its range of electric and plug-in hybrid vehicles to Pakistani consumers.

According to details, this strategic collaboration, first announced in March, aims to bring BYD’s cutting-edge NEV technology to a market increasingly interested in sustainable transportation options.

Chinese giant BYD partners with HUBCO subsidiary to introduce EVs in Pakistan

BYD’s entry into Pakistan comes on the heels of its impressive global performance, having claimed the title of world’s top NEV seller in both 2022 and 2023.

The company recently celebrated the production of its 8 millionth new energy vehicle, a milestone achieved in just over three years since reaching the 1 million mark in May 2021.

Aly Khan, CEO of Mega Motor Co, expressed enthusiasm about the partnership, stating, “This collaboration with BYD aligns with our vision to support the national economy and address climate change impact in Pakistan. We’re excited to contribute to the government’s goal of increasing NEV adoption and reducing fossil fuel dependency.”

The launch is expected to showcase a range of BYD’s latest models and includes plans for developing a comprehensive charging infrastructure, crucial for the widespread adoption of electric vehicles in Pakistan. This venture is seen as a significant step for Pakistan’s automotive industry, potentially reshaping the market with advanced NEV options while supporting the country’s sustainable development goals.

Copyright Business Recorder, 2024

Comments

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Usman Aug 06, 2024 08:30am
We dont have enough electricity.keep them out or the rich pay for it.
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ali Aug 06, 2024 09:30am
every home nowadays has solar with excess capacity during the day . EV will have huge demand if they are price similar to Alto , Corolla
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Builder Aug 06, 2024 04:14pm
@ali, that's not true actually. People want most of the power exported during the day for adjustment in import at night. Second, EVs can't be priced in gasoline cars range.
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Rehan Aug 06, 2024 05:47pm
Hybrids r best option. . .and smaller evs like seagull. . .
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Bilal Aug 07, 2024 06:42pm
According to data most EV oners have 2 cars one EV and other gasoline. EV sales are down all over and dealers are finding it hard to sell ev
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Shahid Akram Aug 07, 2024 08:42pm
Could be game changer for Pakistan, if priced in the same range as existing autos. It can also solved the issue of excess capacity
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Burjor Rustomji Aug 08, 2024 02:45pm
Pakistan has to learn to make cars 100 percent. Depending on others is no solution.
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