HUBCO denies BYD plant delay, targets end-2026 launch: report
BUSINESS RECORDER • • 1 min read
HUBCO says its BYD vehicle plant remains on track to begin operations by the end of 2026, rejecting reports of a delay, Business Recorder reported on Tuesday. At the company’s annual general meeting, management outlined an initial sales pace of 1,000 to 1,500 vehicles monthly as output builds.
The launch is expected in 4-5 weeks, according to Zayan Babar Khan, an analyst at Arif Habib Limited, which attended the meeting. Production will first depend on imported parts and materials, while local content is intended to rise over time, with a long-term goal of reaching 80%. HUBCO also plans to add BYD models in stages, and the facility is designed for 25,000 vehicles a year, with capacity expandable to 50,000.
At a glance
- HUBCO maintains its target to start operating the BYD plant by end-2026.
- Initial sales are projected at 1,000 to 1,500 vehicles per month as production grows.
- Local content has a long-term target of 80%, while annual capacity could reach 50,000 vehicles.
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Originally reported by BUSINESS RECORDER
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