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What’s Going On With Saudi Arabia and the Petrodollar?

The Truth About Cars

On June 9th, Saudi Arabia decided against renewing a deal with the United States to continue trading oil in U.S. Earlier this month, news broke that Saudi Arabia (the world’s largest oil producer after the U.S.) However, we’re now seeing U.S. media running stories claiming that was all phony baloney reporting.

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Avass Group to manufacture EVs, lithium batteries in Saudi Arabia

Green Car Congress

Australia-based Avass Group recently signed an agreement with Saudi Arabia to jointly manufacture electric vehicles and lithium batteries. The agreement bolsters Avass Group’s plans to mass manufacture full electric buses and lithium batteries in Saudi.

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Benchmark: Saudi Arabia is building an EV battery supply chain

Green Car Congress

Saudi Arabia has cut a number of deals recently that coud make the country’s lithiu-ion supply chain the most developed in the Middle East, according to an analysis by Benchmark Mineral Intelligence. The Saudi processing plant will process spodumene from a mine that European Lithium is developing in Wolfsberg, Austria.

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Lucid Air police cruisers to be unveiled at Saudi Arabia defense show

Teslarati

Saudi Arabia is set to launch a Lucid Air police cruiser, as highlighted in a recent preview of a defense conference starting this weekend. The automaker also began delivering the Lucid Air in Saudi Arabia last June , and in 2022 the company announced a fleet deal for 100,000 EVs over a ten-year span.

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Saudi Arabia launches EV brand with Foxconn, using BMW components

Green Car Reports

Saudi Arabia doesn't have much history of car manufacturing, but the nation plans to launch an EV brand with help from BMW and Foxconn.

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Hyundai Motor Company to build automotive plant in Saudi Arabia

Electric Cars Report

The Saudi sovereign wealth fund PIF (Public Investment Fund) and Hyundai Motor Company have announced the signing of a joint venture agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia. PIF will hold a 70% stake in the new joint venture with Hyundai holding the remaining 30%.

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Why Cover Saudi Arabia as a Travel Destination?

Baua Electric

When my Travel story about Saudi Arabia was published online last week, some readers bristled. But in the context of Saudi Arabia, I can understand why readers wonder. The post Why Cover Saudi Arabia as a Travel Destination? Why did the kingdom deserve our attention? We simply don’t do it.