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Electric vehicles

Lucid said its Saudi manufacturing facility should produce up to 155,000 vehicles a year at peak production

Lucid gets permit to operate in new Saudi economic zone

Saudi Arabia’s Economic Cities and Special Zones Authority has issued US electric vehicle maker Lucid Group a permit to operate a manufacturing unit at the newly-launched King Abdullah Economic City (KAEC) special economic zone. “This marks a successful kickoff for the new SEZs launched earlier this year, showcasing a promising avenue for innovation and growth,” […]

UAE distributor AG Auto says Exeed is in 'pole position' to cement its place in the market

Exeed joins Chinese push to corner UAE EV market

Another brand name is about to join the growing list of Chinese electric vehicles available in the UAE, with premium sports utility vehicle Exeed ready to enter the market in the next two years. AG Auto, an automobile subsidiary of Dubai-based family conglomerate Al Ghurair Investment, is the exclusive distributor for Exeed in the UAE. […]


Dubai company to invest $500m in Chinese EV maker

UAE company NWTN has announced a deal to invest $500 million in the Chinese manufacturer of electric vehicles including the Hengchi brand. The investment in China Evergrande New Energy Vehicle Group aims to accelerate NWTN’s development in the EV space as it establishes an assembly plant in UAE capital Abu Dhabi.  Headquartered in Dubai, the eco-conscious […]

Sabic EV

Sabic thermoplastic is key to electric car speed record

As it flew around a track at the 2023 Hankook London E-Prix last month, electric race car Genbeta reached nearly 219 kilometres per hour, setting a new Guinness World Record for the fastest speed achieved by a vehicle indoors. Saudi Arabian petrochemicals giant Sabic developed thermoplastic materials to improve the performance of the vehicle – […]

Saudi PIF Lucid EV Aston Martin

Lucid to start manufacturing in Saudi next month

The construction of Public Investment Fund-backed Lucid Group’s manufacturing facility in Saudi Arabia is well underway, with vehicle re-assembly operations expected to commence in September 2023. “At its peak, we expect to manufacture up to 155,000 vehicles per year at the facility,” the US electric vehicle (EV) manufacturer said in its second quarter earnings release. […]

Dubai EV charger

Electric car sales on the charge due to UAE policy

The UAE is forecast to encounter a 32 percent increase in sales of passenger electric vehicles this year as the government launches a national policy to support the sector’s growth. Sales are expected to reach almost 22,000, up from an estimated 16,442 in 2022. Longer-term calculations suggest the total number of EVs will exceed 370,000 […]

Battery factory, SK On

SNB Capital invests $100m in South Korean EV battery maker

Saudi asset manager SNB Capital has bought a $100 million stake in South Korean electric vehicle (EV) battery manufacturer SK On, it announced on Tuesday. The investment was made through SNB Capital EV Batteries, a sharia-compliant fund which aims for attractive returns related to the growing global demand for EVs. SK On is one of […]

Local brand powers Turkey’s rocketing EV sales

The sale of electric vehicles (EVs) in Turkey surged 465 percent year on year in the first half of 2023, driven by the country’s first local car and the launch of new brands. 12,792 EVs were sold in the year to June, the Daily Sabah newspaper reported, citing data from the Automotive Distributors and Mobility […]

Saudi PIF Lucid EV Aston Martin

Saudi-backed Lucid in EV deal with UK’s Aston Martin

Saudi Arabia-backed Lucid Group has signed a deal with British luxury carmaker Aston Martin to produce high-performance electric vehicles (EVs) from 2025. The Public Investment Fund (PIF), one of the largest sovereign wealth funds in the world, owns a 65 percent stake in the US-based EV manufacturer. As part of the agreement, Lucid will supply […]

Motorbike, food delivery, Getir

Food delivery drives Turkish motorbike sales

Turkey has recorded a sharp rise in the number of motorcycles on its roads, as the online food delivery business in the country continues to expand. A total of 223,541 vehicles were registered in May, and 45.4 percent of these were motorcycles and scooters according to data published by the Turkish Statistical Institute (TSI). Cars […]

Ceer gets licence to build EV production facility in Saudi

Saudi Arabia’s Ministry of Industry and Mineral Resources has granted an industrial licence to Ceer, the first local automotive brand to produce electric vehicles. The licence is required for Ceer to build its manufacturing facility over one million square metres of land in King Abdullah Economic City’s Industrial Valley.  Ceer, launched last November, is a […]

Abu Dhabi-backed firm to invest $740m in Chinese EVs

CYVN Holdings, an investment firm owned by the Abu Dhabi government, will invest about $738.5 million in Nio Inc, a Chinese electric vehicle maker. As a result of the deal, CYVN will own a seven percent stake in Nio, the Chinese firm said, adding that the holding will entitle the Emirati investment firm to nominate […]

Qatar electric vehicles

Qatar’s EV ambitions grow with Vim brand launch

Electric vehicle sales could make up 20 percent of the total auto market in Qatar by 2032, experts forecast, as the Gulf state launches its first EV brand. Qatar-based Ecotranzit showcased the first prototypes of its Vim-branded electric vehicle earlier this month. They are manufactured under its exclusive intellectual property rights deal with partners including […]

Tunisia electric vehicles EVs

Tunisia offers cash bonus to switch to electric vehicles

Motorists in Tunisia are being offered bonuses of TD10,000 ($3,200) per car to make the switch to electric vehicles as the government looks to accelerate its sustainability efforts. A survey carried out by Tunisia’s Environment Ministry said that reaching 50,000 electric vehicles (EVs) by 2025 and 130,000 by 2030 will save 2.2 million tonnes of […]


EVs will make up 50% of cars on UAE roads by 2050

The UAE seeks to increase the share of electric vehicles (EVs) to 50 percent of total cars on its roads by 2050 in a bid to drive green mobility, said minister of energy and infrastructure Suhail Al Mazrouei. “We seek to create a conducive environment for the growth of the EV market in the UAE […]

Robert Holtshausen Mclaren

McLaren gears up for Middle East supercar spending spree

McLaren is aiming to double supercar sales in the Middle East and Africa this year, largely driven by demand in the UAE and the arrival of its Artura hybrid model. The carmaker, which is based in Woking in the UK and has Bahrain’s sovereign wealth fund Mumtalakat as its largest shareholder, expects Dubai to be […]

Lucid EV Air Touring

Saudi funding fails to stem $780m losses at Lucid

Electric vehicle maker Lucid Group’s losses continue to widen despite the Saudi government extending $2.4 billion in funding last year. Lucid, in which the Saudi sovereign wealth fund, the PIF, owns a 65 percent stake, reported a first-quarter net loss for 2023 of $779.5 million, a year-on-year increase of 28.8 percent. “I believe that there […]

Ford to roll out electric vehicles across GCC next year

US automaker Ford Motor Co. plans to launch its electric vehicles (EV) in the Middle East in 2024, according to a media report. The automaker will introduce EV models to the Gulf before moving into the wider region, Chris Noel, managing director of Ford Middle East and Africa, told Bloomberg. He stated that manufacturing limitations […]

Dacia Jogger Hybrid

Renault’s hybrid move will power up Morocco’s EV ambitions

Morocco’s status as a regional electric vehicle manufacturing hub has been boosted by French carmaker Renault Group’s announcement that it will move production of its hybrid model from Romania to Tangier in the second quarter of 2024. The new production line for the Dacia Jogger model is expected to produce up to 120,000 vehicles per […]

Al Futtaim Group is to be the UAE representative for Chinese EV manufacturer BYD, partially owned by investor Warren Buffet

Emirates drives growth in electric vehicle adoption

The UAE is known for its SUVs and supercars, but companies in the Gulf state are accelerating the drive worldwide towards electric vehicles. The number of EVs on the road globally is expected to reach 200 million by 2030, says Gustave Cordahi, principal with Strategy& Middle East. EV sales are projected to surpass those of […]