China's BYD plans car plant in Karachi as part of Pakistan entry

[Muji.Iqbal]

China's BYD plans car plant in Karachi as part of Pakistan entry​

KARACHI (Reuters) - Chinese electric vehicle giant BYD (002594.SZ) on Saturday announced plans to open a car production plant in Pakistan, where it will also start selling three models through a partnership with Mega Motors.

BYD is the first major new electric vehicle (NEV) entrant in the Pakistani market, where there is a lack of charging infrastructure.

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"Our entry into the Pakistani market is not just about bringing advanced vehicles to consumers," said Liu Xueliang, BYD's general manager for Asia Pacific.

"It's about driving a broader vision of environmental responsibility and technological innovation."

BYD also plans to open three "flagship stores and experience centres" in Karachi, Lahore and Islamabad, the company said at a launch event in Lahore, adding it plans to start selling two SUV models and a sedan from the fourth quarter of 2024.

Mega Motors is a unit of Pakistan's largest private utility Hub Power Co Ltd (HPWR.PSX), known as Hubco.

"We will establish Pakistan's first NEV assembly plant... dedicated to producing BYD's cutting-edge new energy vehicles," said Hubco Chief Executive Kamran Kamal, who described the deal as a "landmark investment".

The new plant will begin operations in 2026, Kamal told Reuters.

Hubco will setup fast-charging stations across major cities, motorways and highways to enhance Pakistan's charging infrastructure.

(Reporting by Ariba Shahid in Karachi and Mubasher Bukhari in Lahore)

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[Muji.Iqbal]

@Beijingwalker
@ChineseTiger1986
@chinasun
@Dalit
@Areesh

 

[silicon0000]

HUBCO Shares is going to rock

 

[Michael]

The news had already been reported by Chinese media.
BYD is a very powerful company, belonging to the world's top electric vehicle companies. It ranks first in the world in EV shipments, far surpassing Tesla's shipments.

If Pakistan strives to build charging stations, BYD has the ability to make BYD electric vehicles produced in Pakistan available to the Pakistani people at ultra-low prices.

BYD's electric vehicles range from tens of thousands of yuan to millions of yuan.

 

[Forsvaret]

The news had already been reported by Chinese media.
BYD is a very powerful company, belonging to the world's top electric vehicle companies. It ranks first in the world in EV shipments, far surpassing Tesla's shipments.

If Pakistan strives to build charging stations, BYD has the ability to make BYD electric vehicles produced in Pakistan available to the Pakistani people at ultra-low prices.

BYD's electric vehicles range from tens of thousands of yuan to millions of yuan.

Are you dumb? Where will cheap and affordable electricity come from in order to charge those electric vehicles?
@PakFactor @ziaulislam @FOOLS_NIGHTMARE

 

[Michael]

Are you dumb? Where will cheap and affordable electricity come from in order to charge those electric vehicles?
@PakFactor @ziaulislam @FOOLS_NIGHTMARE

Please read the news above! OK ?

The charging stations are built by a Pakistani company (Hubco), not a Chinese company. BYD is just a car manufacturer.

In the event that the charging stations are not sufficient in the early stages, hybrid technology can also be used instead of pure electric technology. Both technologies are very mature in China.

 

[313Ghazi]

Assembly or manufacturing? Big difference between the two.

 

[Forsvaret]

Please read the news above! OK ?

The charging stations are built by a Pakistani company (Hubco), not a Chinese company. BYD is just a car manufacturer.

In the event that the charging stations are not sufficient in the early stages, hybrid technology can also be used instead of pure electric technology. Both technologies are very mature in China.

Are you even reading what you’re saying? Where the heck will cheap and affordable electricity to run those electric vehicles come from? If they’re gonna be run on hybrid fuels - then what’s even the point of such vehicles?

 

[Michael]

Assembly or manufacturing? Big difference between the two.

The process is almost certain, and all businesses do it.

The first to be built and put into use is definitely the assembly workshop. Then there are the production plants for the individual components, and the level of localization depends on Pakistan's capabilities.

There are many influencing factors: law, energy, land, technical talent, labor, security, government factors................

For the assembly process, the higher the localization of the parts, the higher the assembly efficiency. The ideal environment is that there is a complete industrial chain around the assembly plant, whether these supporting enterprises are BYD's own, Chinese enterprises or Pakistani enterprises.

If Pakistani companies can provide cheap and high-quality accessories, BYD is happy to accept them.

 

[Michael]

Are you even reading what you’re saying? Where the heck will cheap and affordable electricity to run those electric vehicles come from? If they’re gonna be run on hybrid fuels - then what’s even the point of such vehicles?

I can guarantee that you haven't seen these advanced smart cars. They're not the same thing as the traditional fuel cars you know.

BYD Yangwang U8/U9、AITO M7/M9......... You can go online and see an introduction to them. If you can, you'd better go to a 4S store to actually experience it.

As for electricity, it needs to be negotiated between the Pakistani government and the Chinese government.

 

[Forsvaret]

As for electricity, it needs to be negotiated between the Pakistani government and the Chinese government.

So - more IPPs and Inshallah economy.
@ziaulislam @PakFactor @ghazi52 @koolio

 

[PakFactor]

So - more IPPs and Inshallah economy.
@ziaulislam @PakFactor @ghazi52 @koolio

Inshallah Power Producer, it's how we get an endless supply of electricity. Jinn Magic.

 

[sutton9999]

Hybrid is far more efficient, that is how BYD Qin can last 2000km in one go.
For most developing countries, a hybrid is the better option, battery only car relies on charging facilities.

 

[commonsense]

Hybrid much better option for pakistan then full EV.
For full EV you need a reliable and affordable supply of Electricity at your home and at super chargers .
If it rains and water stands on the roads then the battery will be under water and here goes the EV .

 

[Michael]

Hybrid technology is very common in China. But there are relatively few other countries, and it is difficult to understand the difference between hybrid and gasoline vehicles.

Diesel-electric hybrid technology converts fuel into electrical energy through a generator, and the electric energy drives an electric motor to power the car. The difference between this seemingly meaningless process is:

1. There are many advanced electronic information systems and intelligent assisted driving systems inside hybrid vehicles. It requires a lot of electrical energy, which cannot be met by the electric energy of traditional fuel vehicles. So, you don't see smart cars with pure fuel. This is the foundation for the fully autonomous vehicles of the future.

2. Kinetic energy recovery technology. This is a great way to save energy for hybrid and electric vehicles. When you apply the brakes or slide downhill, the system not only does not consume power, but also converts the car's inertial kinetic energy into electrical energy and stores it.

As for other more changes, each manufacturer is different, and you need to experience it yourself.

BYD has a lot of incredible innovations in the field of electric vehicles. When its Pakistani experience store opens, everyone can go and experience it in person.