BYD plans Pakistan plant – report [Yahoo! Finance]
GREAT WALL MOTOR CO ADR (GWLLY)
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Source: Yahoo! Finance
Bloomberg reports that BYD is working with a local partner on the project for a factory in Karachi. The report also said that the company will shortly reveal three models it plans to sell in Pakistan. An unnamed BYD spokesperson told the news agency it planned to enter the Pakistan market with battery-electric and plug-in hybrid vehicles. Pakistan has seen Chinese companies including Great Wall Motor Co., SAIC Motor Corp. and Chongqing Changan Automobile Co. enter the market in recent years, but EV sales are still small, Bloomberg noted. The report also said BYD has teamed up with one of Pakistan's largest business groups, Mega Conglomerate Pvt., in a wide-ranging partnership deal. It said BYD will also be working in a joint venture with Mega Motors, a subsidiary of Hub Power Co., Pakistan's largest independent electricity producer. The report said the factory will be completed in the first half of 2026 with ‘details of the plant still under discussion'. However, sales of
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