Chinese electric car giant BYD launches its popular Han sedan in the Middle East
Publishing timestamp: 2023-11-24 01:10:01
Summary
Chinese electric car company BYD has launched its flagship Han sedan in the United Arab Emirates (UAE), reflecting a push by Chinese businesses into the Middle East. This expansion comes as geopolitical tensions make it more difficult for companies to enter the US or expand in Europe. BYD has also opened a showroom in Dubai Festival City as part of its collaboration with Al-Futtaim Electric Mobility Company. The UAE is the first country in the Middle East to have BYD cars on the road, and BYD plans to launch four car models, including fully electric and hybrid options, in the market by the end of the year.
Sentiment: NEUTRAL
Tickers: ZE594-CN,
Keywords: business news, stock markets, byd co ltd, market insider, markets,