BYD and Hubco Partner to Launch Pakistan’s First Electric Vehicle Assembly Plant

 Chinese electric vehicle (EV) giant BYD, backed by Warren Buffett, is set to expand into Pakistan through a partnership with Hub Power’s subsidiary, Mega Motor. This collaboration aims to establish Pakistan’s first electric vehicle assembly plant by 2026, located near Karachi’s Port Qasim. Hubco CEO Kamran Kamal highlighted ambitions for Pakistan to become a key car exporter, with a focus on markets in Africa and South Asia. This marks BYD’s first foray into South Asia, following investment restrictions in India. Pakistan’s Finance Minister, Muhammad Aurangzeb, emphasized the government’s push to transform the country into an export hub, targeting automotive exports. The BYD expansion is part of the China-Pakistan Economic Corridor (CPEC) initiative, further solidifying the growing Pak-China economic cooperation.