Saudi-Chinese EV deal signed worth $5.6b
- Date: 12-Jun-2023
- Source: Al Bawaba
- Sector:Transport
- Country:Saudi Arabia
Saudi-Chinese EV deal signed worth $5.6b
ALBAWABA – The Ministry of Investment of Saudi Arabia and Chinese electric car manufacturer Human Horizons signed a $5.6 billion Saudi-Chinese agreement Monday, on a joint venture for automotive research, development, manufacturing, and sales.
The first day of the 10th Arab-China Business Conference in Riyadh, Saudi Arabia, saw the signing of more than 30 deals across multiple sectors, including Electric Vehicles (EVs).