$150m BYD plant launch in Sindh delayed again
KARACHI: The assembly plant of BYD in Gharo, Sindh, which was scheduled to become operational in the first half of FY26, has missed the deadline. According to a note from Topline Securities, Hub Power Company Ltd (Hubco) informed analysts this week that it plans to bring the BYD assembly plant online in the second half of 2026, with a production capacity of 25,000 units per year, scalable to…
Byd's Gharo assembly plant in Sindh, scheduled for launch in the first half of FY26, has slipped its deadline, with production expected in the second half of 2026. The plant will have a capacity of 25,000 units per year, with potential to scale up to 50,000 units. Hub Power Company Ltd (Hubco) owns a 50% stake in the project. However, Hubco has remained silent on the reasons behind the delay, the current status of the assembly plant, localization plans, and the projected vehicle assembly target for the first year of operation.
Hubco has also invested $150 million in the project, with $90 million earmarked for project financing. The company aims to secure a 30% share of the combined EV/PHEV segment by 2030. Meanwhile, Hubco is expanding its EV charging infrastructure, with 24 DC fast-charging sites operational along the Karachi-Peshawar motorway network, and plans to reduce the spacing between chargers to 100km.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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