Al-Futtaim Electric Mobility’s Lucas Bellieud on what gives EV brands such as BYD and Polestar a winning edge in the sustainable mobility landscape
The UAE’s Al-Futtaim Family Office is a key investor in the share sale, and the two firms are planning on forming a strategic partnership, according to BYD
The collaboration aims to accelerate EV adoption in Saudi Arabia by integrating EVIQ’s expertise in fast-charging infrastructure with BYD’s expanding customer base
The MD of Al-Futtaim Electric Mobility Company shares that EV maker BYD’s SEAL, SONG PLUS and HAN models are very popular in the UAE and Saudi Arabia
The company plans to establish a facility for producing electric and plug-in hybrid vehicles, with an annual capacity of 150,000 units
BYD, which has been accelerating its international expansion, still trails multi-branded automakers such as Toyota, Volkswagen, General Motors and Stellantis, in sales
BYD’s deliveries show price cuts are working for the Chinese company
Electric cars and plug-in hybrids are expected to make up 90 per cent of the world’s biggest auto market around the end of this decade
The deal accelerates BYD’s expansion into mobile electronics making