KARACHI: Up to 50 per cent of all vehicles bought in Pakistan by 2030 will be electrified in some form in line with global targets, BYD Pakistan, a partnership between China\u2019s BYD and Pakistani car group Mega Motors, said. Warren Buffett-backed Chinese electric vehicle giant BYD last month announced its entry into Pakistan, making the South Asian nation of 250 million people one of its newest markets. The partnership has announced plans to open an assembly plant in early 2026, but will introduce vehicles for sale later this year, after launching three models in August. \u201cI see conversion to new energy vehicles NEV at up to 50pc,\u201d Kamran Kamal, BYD\u2019s spokesperson in Pakistan, told Reuters in an interview at his office on Thursday. Kamal is also the CEO of Hub Power, which owns Mega Motors. The target is an ambitious one for Pakistan\u2019s auto sector, which has been largely dominated by Japanese automakers Toyota, Honda and Suzuki, with vehicle sales hitting a 15-year low in the fiscal year to June. Web Desk<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI: Up to 50 per cent of all vehicles bought in Pakistan by 2030 will be electrified in some form in line with global targets, BYD Pakistan, a partnership between China\u2019s BYD and Pakistani car group Mega Motors, said. Warren Buffett-backed Chinese electric vehicle giant BYD last month announced its entry into Pakistan, making the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-429919","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n