Hubco to Install EV Charging Stations on Motorways, Highways, Major Cities

The Hub Power Company Limited (PSX: HUBC) has announced plans to install electric charging stations across the country, the company informed the main bourse on Thursday. “In line with our initiative in Electric Vehicles (EV) domain, a new venture Hubco Green (Private) Limited is in the process of incorporation with the objective to install EV charging infrastructure across the country, including motorways, highways, major cities and destination charging avenues,” the stock filing stated. “As part of our commitment to setting up a local vehicle assembly plant for new energy vehicles in Pakistan, Mega Motor Company (Private) Limited has recently signed a Supply and Manufacturing agreement and Technical License Agreement with BYD Auto Industry Company Limited. These agreements are in addition to the Distribution Agreement signed between the parties in June 2024 to launch and sell BYD’s vehicles in the country,” it added. HUBC said it remains grateful to its shareholders, employees, business partners, and all other stakeholders for their confidence and support in our journey towards growth and prosperity.