Low Oil Prices Force Saudi Arabia to Tap More Debt
Saudi Arabia’s budget deficit is growing this year as oil prices are down from last year’s levels and well below the $90 per-barrel price the Kingdom is estimated to need to balance its budget. Brent Crude oil prices have declined by…
US Automakers Still Plan To Make More EVs, Faster
Oh the irony, it burns. The President of the United States of America aimed to kill the vehicle electrification movement in its cradle, but lately he’s been the one ruminating about heaven while US automakers keep laying more plans to…
New Omani platform to invest $75.4mln in green mobility
The launch of the National Green Mobility Company (NGMC), a public–private platform designed to accelerate the transition to electric transport, was officially announced yesterday, August 31, with investments estimated at RO 29 million ($75 million). The company will launch an…
Sheikh Zayed Road welcomes NIO Hub Dubai, another step in NIO’s global expansion
Abu Dhabi, United Arab Emirates: NIO, a global leader in premium smart electric vehicles, has officially opened its first NIO Hub in the UAE, located on Dubai’s Sheikh Zayed Road. Differing from existing NIO House or Space concepts, NIO Hub brings…
Al Habtoor Motors launches leasing options for the JAC E30X
Al Habtoor Motors, the exclusive distributor of JAC Motors in the UAE, is launching a flexible leasing offer for the all-electric JAC E30X, the luxury EV built for the future of driving. The offer is designed to make EV ownership…
E-FILL launches Saudi Arabia’s first subscription-based EV charging model
E-FILL, Saudi Arabia’s leading EV charging network operated by ASX eMobility under AlSharif Group Holding, has officially launched the Kingdom’s first subscription-based charging plans for electric vehicles. The new tiered offerings – Basic, Standard, and Business/Fleet – aim to deliver…
Chery UAE brings plug-in hybrids to showrooms with TIGGO 9 and Arrizo 8
Chery UAE, through distributor AW Rostamani, has rolled out its first plug-in hybrid electric vehicles (PHEVs) across the Emirates. The new arrivals — the TIGGO 9 PHEV SUV and the Arrizo 8 PHEV sedan — mark the brand’s push into…
Xiaomi plans to launch electric cars in Europe in 2027
Chinese tech giant Xiaomi is planning to start selling its new electric cars in Europe within the next two years. Historically best known as a manufacturer of consumer electronics (primarily its hugely popular smartphones), Xiaomi launched the SU7 saloon as its first…
Hyundai Motor Group Recognized for Leadership and Innovation at 2025 Automotive News All-Star Awards
Hyundai Motor Group’s commitment to leadership and innovation in the global automotive industry has been recognized with two 2025 Automotive News All-Star Awards. Heui Won Yang, President and Head of the Research and Development Division for Hyundai Motor and Kia,…
Porsche focuses battery activities on cell and system development
The previous plans of the Porsche AG subsidiary to expand the production of high-performance batteries will not be pursued. It is currently planned to continue development as an independent R&D unit. The associated staff reductions will be accompanied in a…