Karachi: Hub Power Company (Hubco) has revealed that Byd has sold more than 2,000 cars in less than six months, while more than 500 orders have already been made for their shark model. Currently, the company is importing completely constructed units (CBU) under the normal service regime.
Hubco is establishing a completely demolished assembly plant (ERC) in Gharo with an annual production capacity of 25,000 units.
According to a report by Asad Ali by Topline Securities, based on the company’s information session, a financial closure is expected in the last quarter of 2025. The project has an estimated cost of $ 150 million, structured in a debt / capital ratio of 60:40.
Foreign and local lenders are on board, with an already signed terms sheet. Hubco expects ERC production to begin within 24 months.
Regarding the property, the company clarified that the project is a joint 50:50 company between the Hub Power Holding, a subsidiary of Hubco of total property, and mega conglomerate.
Byd has not taken a capital participation in the company. Worldwide, Byd has followed 100 percent property in markets such as Thailand and Brazil, which makes this its first global association without capital participation.
In the position of EV, the company said that, although the loaders were initially obtained from Europe, Chinese suppliers have now made them more affordable. He added that EV collection stations become financially viable with the use of three cars per day.
Hubco plans to install loaders every 150-200 kilometers along the Karachi-Peshawar highway over the next six months.
Separately, Sazgar Engineering Works LTD plans to launch ERC models from the Tank-500 and the plug-in hybrid vehicles (Phevs) before March 31, 2026. The company had previously launched its first ERC PHEV: the Haval H6 1.5L, on August 16, 2025, according to its annual Fy25 report.
Posted in Dawn, September 6, 2025
