$150m BYD plant launch in Sindh delayed again
Dawn • • 1 min read
Dawn reported that the BYD assembly plant in Gharo, Sindh, has missed its planned start, which was set for the first half of FY26. Citing a Topline Securities note, the newspaper said Hub Power Company Ltd (Hubco) now plans to bring the facility online during the second half of 2026, with annual capacity of 25,000 units that could be scaled up to 50,000.
Mega Motor, the Hub Power subsidiary involved in the venture, did not reply to Dawn's questions sent through its PR company about the reasons for the delay and the plant's status. Hubco holds a 50 per cent stake, and management put total project investment at $150 million, of which $90m is project financing.
Separately, Chery Master Pakistan plans to introduce its fully electric model, the Chery Q, at the Pakistan Auto Show on Sept 18. The company said new energy vehicles grew 392pc in FY26 and now make up roughly 15pc of the overall market. Hubco, meanwhile, is running 24 DC fast-charging sites along the Karachi-Peshawar motorway and plans to cut the spacing between chargers from 200km to 100km.
At a glance
- The BYD assembly plant in Gharo now targets the second half of 2026.
- Total project investment is $150 million, including $90m in project financing.
- Mega Motor did not respond to Dawn's questions on the delay.
Stocks in this story
Originally reported by Dawn
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