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Tesla Saudi Arabia

Tesla to enter Saudi Arabia within months

Elon Musk’s Tesla is set to launch in Saudi Arabia this quarter, marking its entry into one of the world’s largest oil-producing nations as it continues expanding across the Gulf, sources familiar with the plans told AGBI. The US electric vehicle maker will open sales through pop-up stores and establish a showroom and service centre, […]

Middle East EVs. The fully electric Porsche Macan. CEO Oliver Blume says EVs have huge potential but charging infrastructure is a hurdle

Ineos and Porsche diverge on Middle East’s EV potential

Ineos Automotive, the UK carmaker backed by billionaire Sir Jim Ratcliffe, is considering launching its Fusilier electric vehicle in the Middle East after encountering difficulties with governments across Europe. However other industry players such as Porsche remain cautious about the rollout of EVs in the region, with infrastructure remaining a central problem. London-based Ineos spent […]

Lucid started taking orders for its Gravity SUV in November, in an attempt to take some market share from rival Rivian and market leader Tesla delivers deliveries delivered

PIF-backed EV maker Lucid beats 2024 delivery estimates

Electric vehicle maker Lucid beat expectations for deliveries in the fourth quarter of 2024. The company delivered 3,099 EVs in the fourth quarter of 2024, above the estimated 2,637, according to analysts at Visible Alpha. Production rose to 3,386 vehicles in the reported quarter, surpassing estimates of 2,904 units. In total, the company delivered 10,241 […]

Chinese carmaker BYD is exempt from the rise in tariffs after agreeing to open a plant in Turkey, due to open in 2026

Turkey hikes tariffs on Chinese cars to boost investment

Turkey has accelerated its policy of targeted tariffs on Chinese vehicles, increasing levies on gasoline and hybrid model imports.  Industry insiders believe the move is designed to protect local manufacturers and encourage Chinese investors to set up in the country, even though it is likely to further anger Beijing.  The Ankara government announced that tariffs […]

A farmer harvests barley in Morocco; the cereal harvest was 3.1 million tonnes this year, down from 5.5 million last year

Why rain is critical for Morocco’s economy

Analysts hope that heavy rainfall in the south of Morocco this autumn will refill aquifers across the country that have been depleted by six years of intense drought, and improve crop yields for 2025.  The country’s agriculture sector is a major employer, and accounts for 12 percent of Morocco’s GDP, but it is volatile. The World Bank is cautiously predicting […]

The UAE's first lithium battery recycling plant is expected to save an estimated 20,000 tonnes of greenhouse gas emissions each year

UAE to get first lithium battery recycling plant

The UAE’s first lithium battery recycling plant will become fully operational by the second quarter of 2027. The facility, a collaboration with state-backed Kezad Group and Witthal Gulf Industries, a unit of Singapore-based Witthal Group of Companies, will have the capacity to recycle 5,000 tonnes of battery waste annually by 2027. The plant is expected […]

Morocco has manufactured one million vehicles annually, including four electric models, over the past two decades

Morocco partners with central African nations on EV plan

Morocco, the Democratic Republic of Congo (DRC) and Zambia have joined together to develop the infrastructure needed for electric vehicles (EVs), as they strive to lower their dependence on fossil fuels. The three nations will club their resources and experiences to support the development of EV batteries and battery precursors. Developing carbon-free transportation is essential […]

There were estimated to be 4.5 million light commercial vehicles on British roads at the end of 2022 Jameel Motors

Saudi Arabia’s Jameel Motors to sell electric vehicles in UK

Saudi Arabian mobility provider Jameel Motors has signed an agreement with a Chinese manufacturer to distribute electric commercial vehicles in the UK. Farizon Auto, which is based in Zhejiang, manufactures zero-emission vehicles, including trucks, light commercial vehicles (LCVs) and buses. The deal between Jameel Motors, owned by Saudi Arabia’s Abdul Latif Jameel Group, and Farizon […]

Turkish president Recep Tayyip Erdoğan drives a Togg car at the opening ceremony of a factory to begin mass production

Turkish electric vehicle sales up 39% in a year

Turkey’s electric vehicle market is expanding rapidly, with sales increasing almost 39 percent year on year as new models become available and supporting infrastructure is put in place. The rise is in contrast to conventional car sales, which are showing modest growth compared to their greener rivals. Turkey is also bucking global trends, which has […]

Nio electric cars. Abu Dhabi's CYVN has invested in the company Video length: 04:21

Why Gulf governments keep investing in EVs

Oil-based economies need a Plan B – something they can turn to when crude markets are troubled. Gulf governments are using electric vehicles as that hedge, according to Kevin Chalhoub, CEO of EV Lab. “When oil won’t go well, probably electric cars will go well,” he says. “It’s a very exciting strategy. The Middle East […]

Saudi car dealer Samaco Motors to go public in 2025

Saudi car dealer Samaco Motors to go public in 2025

Saudi Arabia’s Samaco Motors, the exclusive dealer of European cars including Audi, Bentley, Porsche, Lamborghini and Volkswagen, has revealed plans to go public on the Saudi market next year. The company’s CEO Mohammed Sharbatly revealed the news to Al-Eqtisadiah newspaper. Speaking on the sidelines of the launch of Porsche’s new electric vehicles in Riyadh, Sharbatly said […]

Lucid has begun taking orders for its Gravity electric SUV

Lucid reports higher revenue but steeper losses

Saudi-backed US luxury electric vehicle maker Lucid reported a larger net loss than last year in the third quarter, but said revenue rose 45 percent, slightly ahead of Wall Street expectations. The company’s losses of $992.5 million in Q3 compared with $630.9 million in 2023. Revenue reached $200 million, narrowly beating estimates of $198 million.  Lucid […]

Saudia had placed an order for 50 of the pilotless jets before Lilium announced its intention to file for insolvency

Saudia to receive flying taxis despite Lilium’s insolvency

Saudi national carrier Saudia still plans to receive some of its 50-plane order of pilotless electric flying vehicles from Lilium despite the German company’s intention to file for insolvency.  “We are in close coordination with the Lilium leadership team. We are expecting to receive the first jets in the second half of 2026, as per […]

Saudi Arabia's EV ambitions take shape as Lucid's Jeddah plant moves towards full production

Lucid’s Jeddah factory targets new Middle East territories

Lucid, the Saudi-owned electric vehicle manufacturer based in the US, is moving to full production at its Jeddah factory, with a target capacity of 150,000 cars a year within three years, its robotics provider, Rockwell Automation, said this week.  “Currently it’s for domestic use but when the expanded plant is done, they will cover all […]

Lucid shares. The Lucid Grand Touring. The company delivered 500 more cars than expected in Q3

PIF-backed Lucid shares tumble on anticipated Q3 losses

Shares of Saudi-backed US luxury electric vehicle maker Lucid fell more than 12 percent in pre-market trading on Thursday. The drop came after the company announced it anticipates reporting a larger-than-expected loss for the third quarter and a public offering of more than 262 million shares.  Saudi Arabia’s Public Investment Fund, already a majority shareholder […]

Lilium's Daniel Wiegand meets Ibrahim Al-Omar, director of Saudia Group at the launch event

Saudia prepares to launch electric jet service

Saudia Airlines’ electric jet plane is the first step towards zero-carbon commercial flights in medium-sized planes, according to its German manufacturer Lilium.  Daniel Wiegand, co-founder and chief engineer for innovation at Lilium, said both parties were looking beyond the initial sale of 50 Lilium jets, which Saudia bought for at least $7 million each, with […]

The Chinese electric vehicle manufacturer BYD is advancing plans to develop a $1bn production facility in Turkey

China files trade complaint against Turkey over EV tariffs

Beijing has lodged a trade dispute complaint against Turkey at the World Trade Organisation over Ankara’s efforts to stem a potential tide of imported Chinese electric vehicles. China’s launching the first stage of the dispute mechanism (termed a request for consultations) comes more than two years after Turkey first imposed tariffs on Chinese made-EVs, with […]

Saudi-backed US luxury electric vehicle maker Lucid exceeded market expectations in Q3, delivering 24 percent more cars than forecast

Lucid beats latest delivery expectations

Saudi-backed US luxury electric vehicle maker Lucid has exceeded market expectations for its third quarter, delivering 24 percent more cars than had been forecast.  Analysts cited discounts and more favourable finance options as reasons for the sharp increase.  Lucid delivered 2,781 vehicles in Q3, ahead of estimates of 2,242, according to analysts polled by Visible […]

Sales rose 159 percent in the first eight months of 2024 as 41,300 EVs rolled off Turkey’s lots, a third being the domestically-produced Togg

Turkey imposes restrictions on hybrid car imports  

Turkey has introduced stringent regulations on the import of plug-in hybrid vehicles from some countries, including China. The notice includes rules such as importers need to have at least 20 authorised service centres across seven regions in Turkey for chargeable hybrid vehicles not manufactured in the European Union or in countries with which Turkey has […]