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Saudi oil giant Aramco signs development deal with Chinese EV manufacturer BYD

  • Saudi Aramco and BYD signed an agreement to collaborate on new-energy vehicle technologies, aiming to improve efficiency and environmental performance amid Saudi Arabia's push for cleaner mobility.
  • The collaboration aims to enhance efficiency and environmental performance during Saudi Arabia's transition to cleaner mobility.
  • Saudi Arabia targets a 30% adoption of electric vehicles by 2030, despite having only 101 charging stations recorded as of 2024.
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Bloomberg broke the news in United States on Monday, April 21, 2025.
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