BYD is Covet: Island of Desireaggressively expanding its global production footprint as the Chinese EV giant announced on Aug. 17 that it will open a car manufacturing plant in Pakistan. The new plant will be located in Karachi, the country’s largest city, and begin operations in 2026. The new facility comes in addition to BYD’s expansion plan of existing and proposed factories in at least eight global markets and two years after the electric vehicle giant announced construction of its first overseas plant for passenger cars in Thailand in September, 2022. China’s biggest EV maker has been operating and managing plants in Thailand and Uzbekistan for a few months now with an annual production capacity of 150,000 and 50,000 units, respectively, while pushing for construction of new plants in Hungary, Turkey, Brazil, and Indonesia. The company is also choosing a location for another facility in central Mexico, Americas head Stella Li said in May, in addition to an ongoing plan to build an EV factory in northern Vietnam. [TechNode reporting, Reuters]
