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Hubco subsidiary joins hands with Chinese giant BYD to introduce EVs

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By newsvan.net
Hubco subsidiary joins hands with Chinese giant BYD to introduce EVs

KARACHI: Mega Motor Company, a Hub Power Company Ltd. (Hubco) subsidiary, is partnering with the massive Chinese BYD Auto Industry Company Limited to provide electrical vehicles (EVs) to Pakistan.

“Hub Power Holdings Limited, a wholly owned subsidiary of Hub Power Company Limited, through its associated company, Mega Motor Company (Private) Limited, is entering into a new line of business in electrical vehicles with BYD Auto Industry Company Limited in Pakistan,” Hubco revealed in a notification to the PSX on Friday.

“This new venture is subject to corporate and regulatory approvals and consents and will involve the execution of definitive agreements and the purchase of assets,” the statement continued. The top producer of electric vehicles worldwide, including passenger cars and electric buses, is BYD (Build Your Dreams) Auto.

In addition to selling 1.44 million hybrid cars, BYD sold 1.57 million electric vehicles in 2023, a YoY increase of 73%.Arif Habib Ltd Research states that in order to complete this new endeavor, final contracts and asset acquisitions must be signed, subject to corporate and governmental clearances.

According to the report, “HuBC’s expected incremental earnings impact, assuming a 100% stake in the company, is likely to be Rs2.31 per share for every 5,000 annual unit sales with a Rs6 million price tag and net margins at 10%.”

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Islamabad court grants 3-day physical remand of Raoof Hassan, 9 others - newsvan.net on Fawad accuses Nawaz, Zardari of making ‘historic mistake’ with PTI ban
Islamabad court grants 3-day physical remand of Raoof Hassan, 9 others - newsvan.net on $101 million in US aid for Pakistan sought by Biden administration
Netanyahu facing ‘day of rage’ in Washington, protesters say - newsvan.net on Hamas, Fatah agree to end divisions, form unity govt
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Pakistan ‘seeks’ rescheduling of $15bln Chinese loan - newsvan.net on Salman Akram Raja moves SC for restoration of election tribunals
Pakistan ‘seeks’ rescheduling of $15bln Chinese loan - newsvan.net on Two-day physical remand for PTI’s Raoof Hasan approved
Two-day physical remand for PTI’s Raoof Hasan approved - newsvan.net on Ilegal political mafia’ sabotaging comprehensive counter-terrorism operation: DG ISPR
Two-day physical remand for PTI’s Raoof Hasan approved - newsvan.net on Salman Akram Raja moves SC for restoration of election tribunals
Treasuries gain as markets reassess ‘Trump trades’ after Biden withdraws - newsvan.net on Biden under new pressure from top Democrats as Covid halts campaign
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Salman Akram Raja moves SC for restoration of election tribunals - newsvan.net on CM launches ‘air ambulance service’
Ilegal political mafia’ sabotaging comprehensive counter-terrorism operation: DG ISPR - newsvan.net on Islamabad wants Chinese utilities to use Thar coal
Ilegal political mafia’ sabotaging comprehensive counter-terrorism operation: DG ISPR - newsvan.net on CM launches ‘air ambulance service’
Khurram wrecks Bangladesh A, Omair, Mubasir pile on runs - newsvan.net on T20 World Cup: Pakistan stay alive with 7-wicket win over Canada
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Rupee’s future hinges on dollar demand-supply, economic news: analysts - newsvan.net on Musk slams California laws, shifting SpaceX and X HQs to Texas
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Hezbollah fires rockets after Israel strike on Lebanon - newsvan.net on Heavy bombardment rocks Gaza City after mass evacuation order
Hezbollah fires rockets after Israel strike on Lebanon - newsvan.net on Drone attack on Israel’s Tel Aviv leaves one dead, at least 10 injured
CM launches ‘air ambulance service’ - newsvan.net on Maryam committed to making healthcare accessible to every Punjab citizen
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Islamabad wants Chinese utilities to use Thar coal - newsvan.net on Patchy rain does little to cool down sweaty Karachiites
Islamabad wants Chinese utilities to use Thar coal - newsvan.net on FO summons German ambassador over vandalism attack on diplomatic mission in Frankfurt
FO summons German ambassador over vandalism attack on diplomatic mission in Frankfurt - newsvan.net on Week-long agony ends as TLP protesters wrap up Faizabad sit-in
FO summons German ambassador over vandalism attack on diplomatic mission in Frankfurt - newsvan.net on Patchy rain does little to cool down sweaty Karachiites
NASA’s Curiosity rover makes ‘mind-blowing’ discovery on Mars - newsvan.net on New Nano-Scale Materials Mimic Enzymes To Convert CO2 Into Chemical Building Blocks
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Bangladesh protests: Shoot-on-sight order after 133 killed | Top updates - newsvan.net on Gaza ceasefire and hostage release efforts gain momentum
Israel strikes Houthis in Yemen after drone hits Tel Aviv - newsvan.net on Heavy bombardment rocks Gaza City after mass evacuation order
Imran, Bushra Bibi’s acquittal in Iddat case challenged in IHC - newsvan.net on New Toshakhana case: Court grants Imran, Bushra’s 8-day physical remand
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Patchy rain does little to cool down sweaty Karachiites - newsvan.net on Week-long agony ends as TLP protesters wrap up Faizabad sit-in
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New Nano-Scale Materials Mimic Enzymes To Convert CO2 Into Chemical Building Blocks - newsvan.net on US, Russia trade accusations over weaponising space
New Nano-Scale Materials Mimic Enzymes To Convert CO2 Into Chemical Building Blocks - newsvan.net on iPhone PTA tax 2024 for all models in Pakistan
Pakistan’s chances bleak as Women’s T20 Asia Cup begins today - newsvan.net on T20 World Cup: Azhar Ali reacts to Pakistan exit before Super 8
iPhone PTA tax 2024 for all models in Pakistan - newsvan.net on New quadcopter tech allows drones to recharge on power lines
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PSX hits new record high as it crosses 81,800 - newsvan.net on Musk slams California laws, shifting SpaceX and X HQs to Texas
PSX hits new record high as it crosses 81,800 - newsvan.net on Rupee weakens slightly on importer dollar demand
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Drone attack on Israel’s Tel Aviv leaves one dead, at least 10 injured - newsvan.net on Biden nears crunch point as pressure grows to drop out (US)A
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Punjab CM expresses satisfaction over best security arrangements on Ashura Day - newsvan.net on ECP seeks time to submit Form-45 record of Maryam Nawaz’s PP-159
Punjab CM expresses satisfaction over best security arrangements on Ashura Day - newsvan.net on Maryam committed to making healthcare accessible to every Punjab citizen
Imran Khan, Bushra Bibi challenge arrests in new Toshakhana case - newsvan.net on The illogical vilification of investors
Imran Khan, Bushra Bibi challenge arrests in new Toshakhana case - newsvan.net on New Toshakhana case: Court grants Imran, Bushra’s 8-day physical remand
PTI to move SJC against ad hoc judges in SC - newsvan.net on PM commends security forces for ensuring best security arrangements on Ashura
PTI to move SJC against ad hoc judges in SC - newsvan.net on Court declares Sanam Javed’s arrest illegal
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Court declares Sanam Javed’s arrest illegal - newsvan.net on PM commends security forces for ensuring best security arrangements on Ashura
Musk slams California laws, shifting SpaceX and X HQs to Texas - newsvan.net on Fully electric 90-passenger plane could fly 500 mile
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Land revenue official assaulted in Okara - newsvan.net on ‘Rape survivor’, widow mother publicly beaten up by suspects in Okara
Land revenue official assaulted in Okara - newsvan.net on Land revenue official assaulted in Okara
Biden under new pressure from top Democrats as Covid halts campaign - newsvan.net on Cyanide found in blood of Bangkok hotel victims
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Who are the protesters demanding an end to job quotas in Bangladesh? - newsvan.net on Cyanide found in blood of Bangkok hotel victims
Who are the protesters demanding an end to job quotas in Bangladesh? - newsvan.net on Pakistanis and Indian among six killed in Oman attack claimed by IS
PM commends security forces for ensuring best security arrangements on Ashura - newsvan.net on FM Dar urges safety for Pakistani students amid Bangladesh protests
PM commends security forces for ensuring best security arrangements on Ashura - newsvan.net on Karachi weather: Second spell likely in next two days
Karachi weather: Second spell likely in next two days - newsvan.net on Weather update: When will the monsoon rains hit Karachi?
Karachi weather: Second spell likely in next two days - newsvan.net on The illogical vilification of investors
New quadcopter tech allows drones to recharge on power lines - newsvan.net on T20 World Cup: Azhar Ali reacts to Pakistan exit before Super 8
Musk to move SpaceX and X HQ over gender identity law - newsvan.net on Hubco subsidiary joins hands with Chinese giant BYD to introduce EVs
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Pakistanis and Indian among six killed in Oman attack claimed by IS - newsvan.net on Heavy bombardment rocks Gaza City after mass evacuation order
Pakistanis and Indian among six killed in Oman attack claimed by IS - newsvan.net on Cyanide found in blood of Bangkok hotel victims
Cyanide found in blood of Bangkok hotel victims - newsvan.net on ICJ to issue verdict on Israeli occupation of Palestinian territories on July 19
Cyanide found in blood of Bangkok hotel victims - newsvan.net on Who is Thomas Matthew Crooks, the suspected Trump rally shooter
FM Dar urges safety for Pakistani students amid Bangladesh protests - newsvan.net on The illogical vilification of investors
FM Dar urges safety for Pakistani students amid Bangladesh protests - newsvan.net on Pakistan demands ‘decisive’ action from Afghanistan against terrorists after Bannu terror attack
Pakistan demands ‘decisive’ action from Afghanistan against terrorists after Bannu terror attack - newsvan.net on The illogical vilification of investors
Pakistan demands ‘decisive’ action from Afghanistan against terrorists after Bannu terror attack - newsvan.net on Women death in Multan: Forensic report reveals cause of demise
Fully electric 90-passenger plane could fly 500 mile - newsvan.net on Spain, Ireland and Norway recognise Palestinian statehood
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The illogical vilification of investors - newsvan.net on Here is How Punjab Will Suspend Mobile Services During Ashura
Here is How Punjab Will Suspend Mobile Services During Ashura - newsvan.net on Heavy rains forecast for Punjab on Muharram 8 and 9
Here is How Punjab Will Suspend Mobile Services During Ashura - newsvan.net on New Toshakhana case: Court grants Imran, Bushra’s 8-day physical remand
‘Cool it down,’ Biden tells nation after Trump assassination bid - newsvan.net on Who is Thomas Matthew Crooks, the suspected Trump rally shooter
Monsoon spell: Karachi’s CBC imposes rain emergency9 - newsvan.net on Heaviest’ monsoon downpour overwhelms Lahore
New Toshakhana case: Court grants Imran, Bushra’s 8-day physical remand - newsvan.net on ‘You’re answerable to Allah, not agencies,’ Imran Khan tells judge
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Who is Thomas Matthew Crooks, the suspected Trump rally shooter - newsvan.net on Israeli forces bombard Gaza City as tanks re-enter central areas
Recap: Attempted assassination of Donald Trump at Pennsylvania rally - newsvan.net on ICJ to issue verdict on Israeli occupation of Palestinian territories on July 19
Heavy rains forecast for Punjab on Muharram 8 and 9 - newsvan.net on NDMA issues flash flood warning amid torrentialin rains several regions
Heavy rains forecast for Punjab on Muharram 8 and 9 - newsvan.net on Heaviest’ monsoon downpour overwhelms Lahore
Toshakhana new case: PTI founder, Bushra Bibi’s 8-day physical remand approved - newsvan.net on PM Shehbaz urges collective responsibility, int’l recognition of Pakistan’s Afghan refugee ‘burden’
newsvan.net on Gaza ceasefire and hostage release efforts gain momentum
Heavy bombardment rocks Gaza City after mass evacuation order - newsvan.net on Gaza ceasefire and hostage release efforts gain momentum
Heavy bombardment rocks Gaza City after mass evacuation order - newsvan.net on Israeli forces bombard Gaza City as tanks re-enter central areas
ICJ to issue verdict on Israeli occupation of Palestinian territories on July 19 - newsvan.net on Indonesian landslide triggered by heavy rain leaves 11 dead and dozens missing at illegal gold mine
IHC to hear plea against ISI’s call interception powers - newsvan.net on US Ambassador Blome and Interior Minister Naqvi discuss bilateral cooperation
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Indonesian landslide triggered by heavy rain leaves 11 dead and dozens missing at illegal gold mine - newsvan.net on Children’s hospital hit as Russian strikes kill dozens in Ukraine
Indonesian landslide triggered by heavy rain leaves 11 dead and dozens missing at illegal gold mine - newsvan.net on Reformist beats hardliner to win Iran presidency
Indonesian landslide triggered by heavy rain leaves 11 dead and dozens missing at illegal gold mine - newsvan.net on Gold prices drop by Rs1,400 per tola, silver rates inch up
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PM Shehbaz urges collective responsibility, int’l recognition of Pakistan’s Afghan refugee ‘burden’ - newsvan.net on Government considers dropping power tariff hike for protected consumers
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Israeli forces bombard Gaza City as tanks re-enter central areas - newsvan.net on Fighting rages in Gaza City’s Shujaiya for fourth day
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Maryam committed to making healthcare accessible to every Punjab citizen - newsvan.net on ECP seeks time to submit Form-45 record of Maryam Nawaz’s PP-159
Maryam committed to making healthcare accessible to every Punjab citizen - newsvan.net on Imran Khan acquitted in another case
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Imran Khan acquitted in another case - newsvan.net on KP Governor desires to launch cargo service b/w Pakistan, Tajikistan
KP Governor desires to launch cargo service b/w Pakistan, Tajikistan - newsvan.net on Monsoon rains to hit eastern Sindh from Friday, Met Department warns
Monsoon rains to hit eastern Sindh from Friday, Met Department warns - newsvan.net on ECP seeks time to submit Form-45 record of Maryam Nawaz’s PP-159
Monsoon rains to hit eastern Sindh from Friday, Met Department warns - newsvan.net on PM directs to remain high alert during Monsoon season
Afghan Taliban meet Pakistani officials in Doha, term meeting ‘good’ - newsvan.net on PM directs to remain high alert during Monsoon season
Afghan Taliban meet Pakistani officials in Doha, term meeting ‘good’ - newsvan.net on ECP seeks time to submit Form-45 record of Maryam Nawaz’s PP-159
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PM directs to remain high alert during Monsoon season - newsvan.net on Heavy rain likely to lash Karachi from Thursday
PM directs to remain high alert during Monsoon season - newsvan.net on Lahore Airport runways shut down
Imran Khan’s detention is Pakistan’s ‘internal matter’: US - newsvan.net on Taliban hold diplomatic talks in Doha
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CPI-based inflation clocks in at 12.6pc for June - newsvan.net on SC questions how PTI got election symbol in 2018 without intra-party polls
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Fighting rages in Gaza City’s Shujaiya for fourth day - newsvan.net on Israeli strikes on Rafah tent camps kill 25 Palestinians, wound 50 others
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Taliban hold diplomatic talks in Doha - newsvan.net on Israeli airstrikes kill at least 24 in Gaza City, health officials say
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SC questions how PTI got election symbol in 2018 without intra-party polls - newsvan.net on ICC issues arrest warrants for Russian army chief, ex-minister
After the US presidential debate, should Democrats dump Biden? - newsvan.net on ICC issues arrest warrants for Russian army chief, ex-minister
Lahore Airport runways shut down - newsvan.net on President, PM condoles over death of King of Moroco’s mother
Gold Rate in Pakistan Today: Per Tola Bullion Rises Two Sessions Straight! - newsvan.net on Gold prices see another big jump in Pakistan
Gold Rate in Pakistan Today: Per Tola Bullion Rises Two Sessions Straight! - newsvan.net on Gold prices drop by Rs1,400 per tola, silver rates inch up
President Zardari gives assent to tax-laden finance bill - newsvan.net on Heavy rain likely to lash Karachi from Thursday
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ICC issues arrest warrants for Russian army chief, ex-minister - newsvan.net on WikiLeaks’s Julian Assange declared ‘free man’ in Saipan after US plea deal
ICC issues arrest warrants for Russian army chief, ex-minister - newsvan.net on Israeli airstrikes kill at least 24 in Gaza City, health officials say
Israeli airstrikes kill at least 24 in Gaza City, health officials say - newsvan.net on Israeli strikes on Rafah tent camps kill 25 Palestinians, wound 50 others
Israeli airstrikes kill at least 24 in Gaza City, health officials say - newsvan.net on Gaza truce plan in balance as parties study Hamas response
WikiLeaks’s Julian Assange declared ‘free man’ in Saipan after US plea deal - newsvan.net on Australia’s most senior diplomat in UK flying with Julian Assange to Saipan
Oath ceremony held for three newly elevated SC judges - newsvan.net on NA erupts with slogans against military operation in K-P, FATA
Gold prices drop by Rs1,400 per tola, silver rates inch up - newsvan.net on Gold prices see another big jump in Pakistan
Israeli strikes on Rafah tent camps kill 25 Palestinians, wound 50 others - newsvan.net on Israeli shelling kills dozens across Gaza amid intense conflict
Israeli strikes on Rafah tent camps kill 25 Palestinians, wound 50 others - newsvan.net on Israeli forces step up strikes across Gaza
Israeli forces step up strikes across Gaza - newsvan.net on Israeli shelling kills dozens across Gaza amid intense conflict
Israeli shelling kills dozens across Gaza amid intense conflict - newsvan.net on Gaza truce plan in balance as parties study Hamas response
‘Rape survivor’, widow mother publicly beaten up by suspects in Okara - newsvan.net on Okara man kills widowed sister-in-law for refusing marriage
Imam-e-Kaaba delivers Hajj sermon to millions gathered at Arafat - newsvan.net on Pilgrims from all over the world pray on Mount Arafat in Haj climax
https://Www.Waste-Ndc.pro/community/profile/tressa79906983/ on Biden and Trump, trading barbs, agree to 2 presidential debates, in June and September
https://Www.Waste-Ndc.pro/community/profile/tressa79906983/ on Biden and Trump, trading barbs, agree to 2 presidential debates, in June and September
JamesKah on Gold prices see another big jump in Pakistan
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Gold shines for second week in row on US interest rate cuts; silver reaches 11-year high - newsvan.net on Gold prices see another big jump in Pakistan
PM Shehbaz to attend funeral of Iranian President Ebrahim Raisi in Tehran - newsvan.net on Iran President Raisi feared dead as rescue officials locate helicopter crash site

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