HUBCO targets December BYD production start as sales exceed 10,000
The Sealion 6 plug-in hybrid is expected to be the first locally assembled model. HUBCO's share of the electric mobility business's 1QFY27 profit was Rs780 million.
At a glance
- HUBCO targets December 2026 for local BYD production.
- The Sealion 6 PHEV is planned as the first locally assembled model.
- Cumulative BYD sales have exceeded 10,000 units.
- HUBCO's share of 1QFY27 electric mobility profit was Rs780 million.
Key facts
- Production start
- December 2026
- targeted
- Cumulative BYD sales
- More than 10,000 units
- HUBCO share of electric mobility profit
- Rs780 million
- 1QFY27
Hub Power Company HUBC plans to begin local production of BYD vehicles in December 2026, with the Sealion 6 plug-in hybrid electric vehicle (PHEV) expected to be the first model assembled in Pakistan. Management shared the target at an analyst briefing on 3 November.
Cumulative sales of BYD vehicles have exceeded 10,000 units. The electric mobility business recorded approximately Rs1.5 billion in profit in 1QFY27, of which HUBCO's share was Rs780 million.
HUBCO is the parent company of Mega Motor Company, which manufactures, markets and distributes BYD passenger vehicles in Pakistan. The BYD and Mega Motor Company plant near Karachi is planned to have initial capacity of 25,000 units per year on a double shift, with capacity scalable to 50,000 units annually.
Management is also evaluating additional models, particularly in the B and C segments. The Sealion 6, B8 and B5 were described as expected around the end of calendar year 2026.
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