BYD to rely on imports initially, Hubco says
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KARACHI: Hub Power Company (Hubco) has said that BYD vehicle production will initially rely entirely on imported raw materials and components, with localisation increasing gradually over time. The long-term objective is to localise up to 80 per cent of the vehicle, which should improve cost competitiveness and reduce reliance on imports, Hubco management said during a corporate briefing held on October 20, 2026. Topline Securities said the BYD plant is expected to commence operations within the next 4-5 weeks, by mid-December. The management is targeting an initial sales run rate of approximat
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- 21/10/2026 02:45 UTC
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- 21/10/2026 03:09 UTC
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