🟩 HUBCO’s BYD Pakistan Venture Reports Rs. 33 Million Loss | BYD Auto Update 🚗⚡ HUBCO’s BYD-linked automotive venture has reported a Rs. 33 million loss for the quarter ended June 2026, according to research reported by Arif Habib Limited. The result marks a change from the approximately Rs. 0.47 million profit recorded in the previous quarter. The BYD project is being developed through Mega Motor Company, HUBCO’s automotive venture associated with BYD. HUBCO has continued investing in the project as BYD expands its presence in Pakistan’s electric vehicle market. 🏭 BYD’s Pakistan Expansion: 🔹 Rs. 33 million loss recorded for June 2026 quarter 🔹 Previous quarter recorded around Rs. 0.47 million profit 🔹 HUBCO has invested around Rs. 6.6 billion in the project 🔹 BYD and HUBCO are developing an EV assembly facility in Gharo, Sindh 🔹 Plant is designed for around 25,000 vehicles annually initially 🔹 Capacity can potentially be expanded to 50,000 vehicles 🔹 BYD is expanding its...