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Canoo Announces Partnership Agreement with GCC Olayan as Exclusive Distributor of its Electric Vehicles in Saudi Arabia

Electric Cars Report

Californian high-tech advanced mobility company Canoo signed an exclusive agreement with GCC Olayan (General Contracting Company) for sale, service and distribution of Canoo fleet solutions In Saudi Arabia.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

They potentially enhance the attractiveness of Russian crude and natural gas supplies compared to those from Saudi Arabia and its Gulf Arab allies. He has continually supported Venezuelan President Maduro’s calls for an emergency OPEC meeting on prices and his efforts to persuade Saudi Arabia to reverse its policy.

Russia 150
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Lucid readying Tesla Model Y fighter that will pinch advanced tech from the luxury Air limo

EV Central

Built at the car-maker’s new plant located in Jeddah, Saudi Arabia, it’s thought that Lucid will price its all-new SUV at around $US50,000 ($75,000), suggesting it will be a rival for the more expensive end of the Tesla Model Y line-up. But that’s not all that might be coming.

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Is A Second OPEC Cut In The Cards?

Green Car Congress

The supply-cut deal has so far resulted in a surprisingly high OPEC compliance of more than 90 percent, thanks to the cartel’s leader and biggest producer, Saudi Arabia, which has been cutting deeper than pledged. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.

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Battery metal price plunge is closing mines and stalling deals – ET Auto

Baua Electric

last year put itself up for sale after a slump in the cobalt price left it struggling to finish key projects in the Democratic Republic of Congo, and London-based Horizonte Minerals Plc scaled back work on its Brazilian nickel mine as it searches for funds to complete construction, and announced an emergency USD 20 million financing late last year.

Price 52