Hub Power Company has entered into a significant agreement with BYD Auto Industry Company of China to manufacture electric vehicles.

According to the 24NewsHD TV channel, this collaboration marks a major step forward in the electric vehicle sector for both companies.

The announcement was made by Hub Power Company on Friday. The company has also formally informed the Pakistan Stock Exchange through an official letter, highlighting the importance and strategic nature of this partnership.

BYD Auto, a renowned Chinese manufacturer known for its advancements in electric vehicle technology, will work alongside Hub Power Company to produce these vehicles.

This collaboration is expected to leverage BYD's expertise in electric vehicle production and Hub Power Company's established presence in the region.

This partnership aligns with global trends towards sustainable transportation solutions and reflects a growing commitment to environmental responsibility.

By manufacturing electric vehicles locally, the collaboration aims to meet the rising demand for eco-friendly transportation options in Pakistan and potentially in neighboring regions as well.

Reporter: Ashraf Khan