Chinese electric vehicle manufacturer BYD (OTC:BYDDY) (OTC:BYDDF) and Tesla Inc (NASDAQ:TSLA) rival plans to establish its first South Asian assembly plant in Pakistan. The move follows a rejection from India. What Happened: The plant, expected to be operational by 2026, is a collaboration with Pakistan’s largest private electricity producer, Hub Power (Hubco). Hubco’s subsidiary, Mega Motor, will partner with BYD to set up the facility near Karachi’s Port Qasim, reported Financial Times on Sunday. Hubco CEOKamran Kamal said that the goal is for Pakistan to begin exporting vehicles from the pl…
