HUBCO Green Expands EV Charging Network Across Pakistan; Stock Gains 8.12%

September 03, 2025 —

Shares of Hub Power Company Limited (PSX: HUBC) closed at Rs176.48, gaining 8.12%, after its subsidiary HUBCO Green (Private) Limited (HGL) announced significant progress in its nationwide EV charging network expansion.

According to the company’s Director’s Report, HGL has successfully operationalised eight Direct Current (DC) fast-charging stations across Karachi, Lahore, and Islamabad, with further installations underway in collaboration with major oil marketing companies (OMCs) including Pakistan State Oil (PSO), PARCO Gunvor, and Attock Petroleum Limited (APL).

Key Developments in EV Infrastructure:

• HUBCO Green inaugurated its first EV charging station at Ocean Mall, Karachi on January 21, 2025.
• In February 2025, a strategic partnership was signed with PSO to deploy EV chargers nationwide.
• In April 2025, APL also entered into a collaboration with HGL for EV charging stations at selected APL outlets.
• The company is targeting motorways, highways, major cities, and upscale commercial hubs for its next phase of installations.

Diversification into New Energy Vehicles (NEVs):

Beyond EV charging, HUBCO is broadening its footprint through its subsidiary Mega Motor Company (MMCPL), the official partner of BYD in Pakistan. Earlier this year, MMCPL launched Pakistan’s first plug-in hybrid pickup, BYD Shark 6, which has received strong market response.

Strategic Vision:

“With the global automotive industry shifting towards electric mobility, HUBCO through its subsidiaries remains focused on expanding into new energy solutions that support the adoption of sustainable transport,” the company said.

Currently, HUBCO directly and indirectly owns and operates multiple power projects with a combined installed capacity of 2,289 MW, while its diversification into EVs and NEVs positions it as a key player in Pakistan’s transition to clean energy.