Saudi Aramco and BYD, a prominent manufacturer of energy vehicles and power batteries based in China, have announced their partnership to explore new electric vehicle (EV) technologies. The collaboration aims to enhance the efficiency and environmental performance of EVs, as stated in a joint announcement made by both companies. The agreement, which was formalized through...
In the UAE, several electric vehicles are emerging as strong alternatives to Tesla, with brands like BYD, Polestar, and Lucid gaining attention. These companies offer a variety of models that not only compete in performance but also in features and pricing, appealing to a growing market of environmentally conscious consumers. BYD, known for its extensive...
Dubai-based Al-Futtaim Industrial Equipment has formed a partnership with the Chinese electric vehicle manufacturer BYD to launch electric trucks and buses in the United Arab Emirates. This collaboration aims to introduce four electric commercial vehicles tailored for logistics, freight, and public transportation. The showcased vehicles include the ETM6 Electric Truck, EV Light Truck T5, EV...
The Al-Futtaim Family Office from Dubai has become a strategic investor in the Chinese electric vehicle maker BYD Co., which recently raised HK$43.5 billion (approximately $5.6 billion) in Hong Kong’s largest share sale in nearly four years. This significant investment comes as BYD sold 129.8 million shares, priced at HK$335.20 each, reflecting a 7.8% discount...