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Articles for tag: assembly, BYD, china, CPEC, Electric Vehicles, EV, Hub Power, Investment, Karachi, manufacturing, Mega Motor, Pakistan

July 9, 2026

Frontpage.dev

BYD’s $150 Million Pakistan Assembly Plant Launches This Month; Targets 30% of EV Market by End-2026

China's BYD is set to begin assembling electric and plug-in hybrid vehicles at its new Pakistan plant this month, in partnership with Mega Motor Company — a subsidiary of Hub Power. The $150 million facility near Karachi will initially produce 25,000 units annually using semi-knocked-down kits, with non-electric components sourced locally. BYD is targeting a 30–35% share of Pakistan's growing EV segment.

July 10, 2024

News Desk

Volkswagen considers closing Brussels plant due to falling demand for Audi’s EVs

BERLIN: Volkswagen warned on Tuesday it may close its luxury brand Audi’s Brussels site as a sharp drop in demand for premium electric cars hit Europe’s top carmaker, forcing it to cut its profit margin target for this year. Volkswagen ( VOWG_p.DE ) has not closed a plant since it closed its Westmoreland, Alabama plant in 1988, and the last head of the VW brand to threaten closures in Europe resigned months after that, according to an employee source. Automakers have been hit hard by lower-than-expected EV demand after heavy investment in capacity and technology development, with Audi warning earlier

June 1, 2024

News Desk

Experts call for review of EV policy

KARACHI: Automotive experts believe that electric cars could become much more affordable for customers if the government addressed key policy issues. They call for a review of policy classifications, offering incentives to all electric vehicles (EVs), removing barriers to financing EVs and reducing heavy taxes, which currently make up more than 50% of car prices, making them unaffordable for end users . Experts urged the government to standardize policy classifications and apply incentives to all EVs. They emphasized the need to remove barriers to car finance for EVs and make the EV charging business attractive to investors. In addition, they

May 28, 2024

News Desk

Aftermarket manufacturers seek 10-year EV plan

LAHORE: Auto parts and accessories manufacturers have urged the government to take substantive steps in the upcoming budget to save the ailing auto parts industry, which supports millions of families across the country. In its budget proposals submitted to the government, the Pakistan Association of Auto Parts and Accessories Manufacturers (Paapam) called on the government to take immediate steps to revive the industry by focusing on boosting exports and encouraging local manufacturing of technical products. Paapam Chairman Abdul Rehman Aizaz, Senior Vice President Mumshad Ali and Vice President Taufiq Sherwani highlighted the importance of conserving and earning foreign exchange to

April 28, 2024

News Desk

EV dealers are asking for incentives

KARACHI: Out of a total of 34 two-wheeler and three-wheeler electric vehicle (EV) brands, nearly 20 have introduced newer models, targeting all age groups. Sales volumes have improved after a miserable period during Ramadan. The Engineering Development Board (EDB) has granted licenses to 34 EV bike companies, including those that manufacture electric rickshaws. While all are functional, 20 have showcased their units in showrooms, attracting local customers to well-decorated and well-maintained spaces that showcase more attractive, comfortable and modern models. EV dealers explained that they reassure customers that they will not experience any regret or disappointment after purchasing an EV

November 8, 2023

News Desk

Electric bikes are gaining traction

KARACHI: Electric bike assemblers and dealers in Pakistan are trying to make electric two-wheelers more attractive than the old 70cc petrol versions, with the ultimate goal of replacing internal combustion engines in a few years. However, questions about the viability of these e-bikes remain due to the lack of proper infrastructure in both urban and rural areas. While electric bikes are gaining popularity in countries such as India, China, Thailand, Vietnam and Malaysia due to rising fuel costs and environmental concerns, Pakistan faces unique challenges that prevent widespread adoption of electric vehicles. Speaking to The Express Tribune, Muhammad Sabir Sheikh,

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