BYD to rely on imports initially, Hubco says

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…