Saudi Aramco and BYD have signed a joint development agreement !

Saudi energy major Aramco and Chinese electric vehicle manufacturer BYD have signed a joint development agreement to explore advancements in new energy vehicle technologies.

Saudi Arabia is continuing to develop its electric vehicle infrastructure under Vision 2030, which targets greater sustainability and economic diversification.

Saudi Arabia previously set an ambitious goal of increasing the penetration rate of electric vehicles from 1% to 30% within five years. The cooperation will support Saudi Arabia's clean energy transition goal of "30% electric vehicles by 2030".

Some of the information Source: arabnews