Hubco expects BYD plant to start by mid-December, targets up to 1,500 monthly sales
The plant is expected to begin operations by mid-December 2026, with initial monthly sales targeted at 1,000-1,500 vehicles. Production will initially depend on imported components.
At a glance
- Hubco expects the BYD vehicle plant to begin operations by mid-December 2026.
- Initial monthly sales are targeted at 1,000-1,500 vehicles.
- Production will initially rely on imported materials and components.
- Receivables from five associated power projects totalled about Rs135.58 billion at June 30.
Key facts
- Expected plant start
- By mid-December 2026
- Initial monthly sales target
- 1,000-1,500 vehicles
- As production increases
- Long-term localisation objective
- Up to 80%
Hub Power Company HUBC expects its BYD vehicle manufacturing plant in Pakistan to begin operations by mid-December 2026, with initial monthly sales targeted at 1,000-1,500 vehicles as output builds. Management shared the timeline at the company’s annual general meeting on October 20.
The company expects production to depend entirely on imported raw materials and components at the outset. Management said local content is intended to rise over time, with a long-term objective of reaching up to 80% localisation.
Additional vehicle models are expected to be introduced in stages, with the company focusing on segments it considers capable of generating substantial sales volumes. Management also pointed to shifting preferences among younger consumers, who it said are increasingly prepared to change vehicles more frequently than the traditional five-to-10-year ownership period.
Hubco management said the brand could expand in Pakistan’s automobile market on the basis of its pricing and product quality. At the meeting, the company also reported receivables of about Rs135.58 billion as of June 30, 2026, from five associated power projects.
Discussions with the government over a proposed aluminium smelting project at the Hub power plant are continuing, with progress expected to take time. Fuel storage facility work has faced delays linked to the regional conflict, while the planned data centre project has been postponed amid high power and technology costs, infrastructure needs and uncertainty over investment returns.
The company said multiple grid connections in dedicated data centre zones could make such projects more viable. Management indicated a preference for a project of approximately 100 megawatts over facilities of five to 10 megawatts. The commercial operation date tariff determination for Thar-based power plants remains pending with the National Electric Power Regulatory Authority, according to the management update.
Market data timestamped 16:24 PKT on 22 October put HUBC at Rs191.90, down Rs2.99, or 1.53%, from the previous close of Rs194.89. The reported volume was 616,320.
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This story was produced by the Investify News Desk with automated tools and checked against the sources listed. Report an error: support@investify.pk. Editorial policy
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