BYD becomes Pakistan's first major NEV player
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 19 August 2024
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Monday, August 19th. I'm Julie Morgan. |
| 0:13.0 | BYD sets up shop in Pakistan. |
| 0:15.8 | The UAW President has some harsh words for the CEO of Stellantis, |
| 0:21.0 | and the box office is hot in August. |
| 0:24.8 | Chinese electric vehicle manufacturer, |
| 0:27.2 | BYD Company, plans to set up a production plant |
| 0:30.4 | in Karachi, Pakistan, and sell three models through a partnership with Mega Motors. |
| 0:35.8 | Mega Motors is a unit of Pakistan's largest private utility known as Hubco. |
| 0:41.2 | BYD is the first major N-EV entrance in the Pakistani market. |
| 0:46.0 | Reuters reported that B-YD also plans to open three flagship stores and experience centers in Karachi, Lahore, and Islamabad. |
| 0:56.0 | They also plan to sell two SUV models and a sedan with sales starting in Q4 of 2024. |
| 1:03.2 | The new plant is expected to commence operations in 2026. |
| 1:07.6 | Alongside the Plant Hub co intends to set up fast charging stations |
| 1:11.8 | across major cities and highways to improve the charging infrastructure in Pakistan. |
| 1:17.0 | United Auto Workers President Sean Fain is slamming Stelantis CEO Carlos Tavares for alleged price gouging and trying to go back on commitments the company made in its last labor contract. |
| 1:30.7 | Fain said in a video posted on Friday that something is rotten at Stolantis. |
| 1:35.9 | He went on to say that sales are down, profits are down, and the CEO pay is way, way up. |
| 1:41.2 | He said the problem is not the market and it's not the |
| 1:44.1 | autow workers but it is Carlos Tavares. Fain said Tavares made 39.5 |
| 1:49.7 | million dollars last year after giving himself a 56% pay increase. |
| 1:55.5 | The video went on to say that Tavares is trying to go back on commitments the company |
... |
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