Hub Power Company Limited (HUBCO), the country’s largest independent power producer, announced that local assembly of BYD electric vehicles will commence in the second half of 2026, with demand for the Atto 3 already exceeding expectations.
“Regarding BYD, management stated that they have received a much better response than what was initially expected in the market. They are currently the largest EV company in Pakistan, and there has been a steady increase in demand for the Atto 3,” said Topline Securities in a note after attending the company’s management meeting.
HUBCO also revealed plans to establish Pakistan’s first and largest EV charging network, spanning the motorway from Karachi to Peshawar. Management added that while exports of right-hand drive vehicles could be a possibility in the future, the immediate focus remains on developing the local plant. “They also mentioned that two international financing partners are already on board at this stage,” Topline reported.
Beyond automobiles, HUBCO is weighing multiple industrial options for its 1,100-acre base plant at Hub. Among them is the establishment of an aluminium smelter, which the company described as “an energy-intensive business that could help address Pakistan’s surplus energy issue, while also allowing HUBC to use its existing base plant as a backup.” With significant bauxite reserves of around 200 million tons nationwide — including 74 million tons identified in Khushab, AJ&K, KPK and Ziarat — the management said vertical integration across the value chain could be explored later.
Another possibility is the development of a Single Point Mooring (SPM) facility on the Hub coast to handle imports of petroleum products for Pakistan State Oil (PSO). “The plan involves using available storage tanks and transporting the products through the Asia Petroleum Pipeline (PSO stake: 49%) to Zulfiqarabad, where it connects with the White Pipeline to the North onward. The company will be forming a JV type structure for this transaction, if it moves forward,” the report noted.
