Saudi China

Riyadh signs $5.6bn deal with Chinese EV firm


Issue 1171 - 16 Jun 2023 | 1 minute read

Saudi Arabia's Ministry of Industry signed a $5.6bn agreement with Chinese electric vehicle (EV) manufacturer Human Horizons to set up a joint venture to develop and manufacture cars in the kingdom. Human Horizons makes cars under the HiPhi brand.

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