HUBCO targets BYD plant launch by end-2026: report
BUSINESS RECORDER • • 1 min read
HUBCO is aiming to start operations at its BYD vehicle plant by December 2026, Business Recorder reported, citing comments at the company’s annual meeting. Management expects monthly sales to reach 1,000 to 1,500 vehicles as output builds, and plans to add models in stages rather than launch them all at once.
The facility is expected to begin operating in four to five weeks, according to an analyst at Arif Habib Limited, while HUBCO rejected claims that its schedule had slipped. Initial manufacturing will depend on imported parts, with local sourcing intended to rise over time toward 80 per cent. BYD has described the Pakistan facility as having annual capacity of 25,000 vehicles, with scope to reach 50,000, and said it could create more than 1,100 jobs.
At a glance
- HUBCO is targeting the plant’s launch by the end of 2026.
- Monthly sales are expected to reach 1,000 to 1,500 vehicles as production grows.
- Local content is intended to rise gradually toward 80 per cent.
Stocks in this story
Originally reported by BUSINESS RECORDER
This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.
Read the full storyWant the full article here?
Log in to read the full article in the Investify reader, in English or Urdu.
Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.
More on HUBC
HUBC’s CPHGC Unit 1 offline after main transformer faultMettis• 21 Oct 2026Negative coverage
Hubco says BYD vehicle plant in Pakistan to commence operations by mid-December 2026Profit• 21 Oct 2026Neutral coverage
BYD to rely on imports initially, Hubco saysDawn• 21 Oct 2026Positive coverage
HUBCO targets BYD plant launch by end-2026, initial sales of up to 1,500 vehicles monthlyProfit• 20 Oct 2026Positive coverage- HUBCO denies BYD plant delay, targets end-2026 launch: reportBR• 20 Oct 2026Positive coverage
MG Morning Breeze: Updates to Skim before MarketMettis• 8 Oct 2026Neutral coverage
