Al-Futtaim heralds new e-mobility era

Al-Futtaim heralds new e-mobility era

Group launches first Electric Mobility Company; unveils BYD in UAE

BYD is the world’s leading new energy vehicle manufacturer, having sold 1.86 million NEVs worldwide in 2022 alone. - Supplied photo

Published: Thu 16 Mar 2023, 3:59 PM

Al-Futtaim , the UAE’s leading diversified business group, has announced the launch of its electric mobility company – and the UAE’s first ever e-mobility focused dealership.

The new company is slated to grow fast in a sector already seeing a surge in demand; with the UAE’s EV market expected to grow at a CAGR of 30 per cent until 20281. The UAE has one of the highest levels of EV acceptability, as 30 per cent of the UAE residents strongly consider buying an EV to contribute to the green transition1. The UAE also has one of the highest charging-station-to-vehicle ratios in the world, with 325 charging stations currently and plans to increase this number significantly in the coming years1.

The company will operate as an individual entity, with a team of global talents pooling their expertise in electric vehicle, hybrid and automotive, led by a newly appointed Managing Director, Hasan Nergiz.

Hasan Nergiz, Managing Director, Al-Futtaim Electric Mobility Company said: “Beyond selling EV cars, the new company represents