{
  "id": 17944354,
  "title": "HUBCO to commence local BYD vehicle production next month: report",
  "url": "https://urgent.news/2026/11/03/hubco-to-commence-local-byd-vehicle-production-next-month-report",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-03T09:05:13.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447206/hubco-to-commence-local-byd-vehicle-production-next-month-report"
  },
  "original_language": "en",
  "account": "Hub Power Company (HUBCO) intends to initiate local manufacturing of BYD vehicles in Pakistan starting in December 2026, according to a report from analyst briefing session held on Tuesday. The Sealion 6 plug-in hybrid electric vehicle (PHEV) is slated to be the inaugural locally assembled model for HUBCO, as shared by AHL in its report. The BYD's electric mobility business in Pakistan has experienced a surge, with cumulative sales surpassing 10,000 units and Q1FY27 profit amounting to around Rs1.5 billion, of which HUBCO's share is estimated at Rs780 million. AHL anticipates further growth following the commencement of local CKD (Changan Complete Knock-Down) production, which is slated for December 2026, with the Sealion 6 PHEV being the first locally assembled vehicle. HUBCO also explores the possibility of producing additional models, especially in the higher-volume B and C segments, with the Sealion 6, B8 and B5 expected to be released by the end of 2026. HUBCO's expansion in the automotive sector through BYD follows its partnership with Mega Conglomerate Pvt. Ltd. (Mega) in entering Pakistan's passenger vehicle market in March 2024, marking a significant milestone for BYD in South Asia's largest market. By partnering with Mega, the Chinese automaker established Mega Motor Company (Private) Limited (MMC) as the entity responsible for manufacturing, marketing, and distributing BYD-branded passenger EVs in Pakistan. HUBCO, the parent company of MMC, has also shown interest in developing charging infrastructure as a natural extension of its power plants. The BYD manufacturing plant, located near Karachi, is a collaborative effort between BYD and MMC, initially capable of producing 25,000 units per year with a potential scalability to 50,000 units annually on a double shift basis.",
  "summary": "Hub Power Company (HUBCO) plans to commence local production of Chinese auto giant’s BYD vehicles in December 2026, with the Sealion 6 plug-in hybrid electric vehicle (PHEV) set to become its first locally assembled model in Pakistan, HUBCO’s management said during an analyst briefing session on Tuesday. Arif Habib Limited (AHL), which attended the meeting, said in its report that the company’s…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}