HUBCO to commence local BYD vehicle production next month: report
- The Sealion 6 plug-in hybrid electric vehicle (PHEV) is set to become its first locally assembled model in Pakistan
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 electric mobility business continues to gain traction, with cumulative BYD sales exceeding 10,000 units and 1QFY27 profit of approximately Rs1.5 billion, of which HUBC’s share stood at Rs780 million.
“Management expects growth momentum to strengthen following the commencement of local CKD production, targeted for Dec’26, with the Sealion 6 PHEV as the first locally assembled model,” AHL said in its report.
“The company is also evaluating additional models, particularly in the higher-volume B and C segments, with the Sealion 6, B8 and B5 expected around end-CY26,” it added.
HUBCO denies BYD plant delay, targets end-2026 launch: report
The update comes as HUBCO expands its investment in the automotive sector through BYD, the Chinese electric vehicle manufacturer.
BYD officially entered Pakistan’s passenger vehicle market in March 2024. This move represented a significant milestone for BYD, marking its entry into one of South Asia’s largest markets.
The Chinese automaker partnered with Mega Conglomerate Pvt. Ltd. (Mega), which later clarified its association through its wholly-owned subsidiary, Hub Power Holdings, and its associated company, Mega Motor Company (Private) Limited (MMC).
MMC is responsible for manufacturing, marketing, and distributing BYD-branded passenger EVs within Pakistan. HUBCO, the parent company of Mega Motor Company, has also indicated its interest in developing charging infrastructure as a natural extension of its power plants.
Meanwhile, the plant, located near Karachi, is a partnership between BYD and Mega Motor Company. It will initially have the capacity to produce 25,000 units per year on a double shift, with scalability to 50,000 units per annum.
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