Mustafa Rehman
Member
During the company's annual general meeting, the Board of Directors announced plans to establish a facility capable of producing 50,000 electric vehicles (EVs) annually, with 30-40% of the production intended for export to Australia and Africa.
The company aims to launch CKD cars across 8-9 variants in various segments by December 2025 to March 2026. Hub Power, through its associated company, Mega Motor Company, has entered the electric vehicle market in collaboration with BYD Auto Industry Company Limited.
The Board anticipates strong future cash flows, with significant contributions to dividends expected from the auto segment.
The company aims to launch CKD cars across 8-9 variants in various segments by December 2025 to March 2026. Hub Power, through its associated company, Mega Motor Company, has entered the electric vehicle market in collaboration with BYD Auto Industry Company Limited.
The Board anticipates strong future cash flows, with significant contributions to dividends expected from the auto segment.