Remove Buy Remove Global Remove United Arab Emirates Remove Vehicles
article thumbnail

Nio garners $2.2 billion investment from UAE fund

Teslarati

Chinese electric vehicle (EV) manufacturer Nio has garnered a $2.2 billion investment from a firm backed by the United Arab Emirates, as it continues to push to introduce its EVs in additional markets. It never stops, it’s just that currently the global financial policy environment has made this work more challenging.”

UAE 110
article thumbnail

Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto

Baua Electric

China is the biggest processor and consumer of lithium, needed for electric and hybrid vehicles. China is the biggest processor and consumer of lithium, needed for electric and hybrid vehicles. Concentration and price collapse For now, global economic weakness has depressed buying of new vehicles and led lithium prices to dive.

article thumbnail

Global Automotive Survey Finds Nearly Six in Ten People Prefer Green Cars, Even If Money No Object

Green Car Congress

Market research firm Synovate released new study findings showing that nearly six in ten people would choose to buy a green car over a dream car, even if money was no object. Synovate asked respondents to forget about money for a moment and say whether they would buy green, dream or in between.

article thumbnail

The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

Around the six Gulf states, together with oil majors Saudi Arabia and the United Arab Emirates, electrical vehicles account for simply 0.4% of the passenger-vehicle marketplace. billion deal with premium Chinese automaker Human Horizons Technology that reflects the region’s interest in higher-end vehicles.