BYD to Setup Electric Vehicle Plant in Karachi: $200 Million Investment Approved

KARACHI — Global electric vehicle giant BYD has finalized a $200 million investment to set up its first assembly plant in Karachi. The Sindh Government has already allotted land near Port Qasim for the facility. This plant will not only provide affordable electric cars and bikes but also offers a permanent solution to high fuel costs following the recent petrol price relief. The project is expected to create over 5,000 new jobs in the region.