AnewZ Morning Brief - 26th July, 2025
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 26th of July, covering the latest developments you need to kno...
Chinese electric vehicle giant BYD is set to begin local assembly operations in Pakistan by mid-2026, marking a significant step in the country’s transition toward electric mobility.
The assembly plant, currently under construction near Port Qasim in Karachi, is expected to become operational by July or August 2026. This development is the result of a joint venture between BYD and Mega Motor Company, a subsidiary of Hub Power Company (HUBCO), one of Pakistan’s leading energy firms.
The facility will start by assembling semi-knocked-down (SKD) kits imported from China, gradually increasing its localization levels over time. The initial production capacity is estimated at around 25,000 units annually, operating on a double-shift basis. BYD aims to introduce both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), with a particular focus on models suitable for Pakistan’s infrastructure and market conditions.
BYD has already begun importing and selling fully built electric vehicles in Pakistan, with encouraging early demand in major urban centers like Karachi, Lahore, and Islamabad. The company is targeting a 30–35% share in the country’s nascent EV and hybrid market, which is expected to grow rapidly in the next few years. Pakistan saw sales of just over 1,000 EVs in 2024, but the number is projected to rise significantly as government incentives and consumer interest increase.
This investment aligns with Pakistan’s National Electric Vehicle Policy, which envisions 30% of all new vehicle sales to be electric by 2030. To support this transition, the government has introduced reduced customs duties on EVs and is encouraging the development of charging infrastructure. In response, BYD and its local partners are also planning to set up a network of charging stations in key cities and along major highways.
The move into Pakistan also forms part of BYD’s broader global strategy to expand its manufacturing and sales presence beyond China. The company has recently launched or announced new operations in Brazil, Hungary, Turkey, Thailand, and Mexico. The Karachi facility is BYD’s first major investment in South Asia and could potentially serve as a base for exports to nearby right-hand-drive markets like Sri Lanka, Bangladesh, and even parts of Africa.
While the outlook is promising, BYD will face several challenges, including building out the local supply chain, ensuring consistent power supply for its facility, and educating consumers unfamiliar with EV technologies. Nonetheless, with local demand growing and strong policy support, Pakistan could become one of BYD’s key emerging markets in the region.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 26th of July, covering the latest developments you need to know.
Liberal MPs are openly urging the Canadian government to follow France in recognising Palestine as a state.
U.S. Secretary of State Marco Rubio on Friday praised Pakistan's role in promoting regional stability and discussed deeper cooperation on counterterrorism, trade, and critical minerals during a meeting in Washington with Deputy Prime Minister Ishaq Dar.
President Volodymyr Zelenskyy said on Friday that Ukrainian forces are engaged in intense battles near the eastern city of Pokrovsk, a critical logistics center where Russian forces have been steadily advancing and claiming new territory almost daily.
President Donald Trump arrived in Scotland on Friday, combining diplomacy with business as his family prepares to open a new golf course on 13 August in Balmedie, Aberdeenshire.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment