The Saudi Arabian government signs an agreement with the Chinese electric vehicle company Human Horizons worth $5.6 billion

The Saudi Arabian government signs an agreement with the Chinese electric vehicle company Human Horizons worth $5.6 billion.

On the first day of an Arab-China business conference on Sunday in Riyadh.

[{"selector":"#anim-73229c8e-f7f6-4ac2-817c-951a6e17997b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-0.3477508681059014%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The Saudi government has plans to grow the domestic EV manufacturing sector.

[{"selector":"#anim-944a54d3-6ac9-47e3-8bee-d2f454165570","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-21e4a495-d7d2-49c1-93f8-1dfb85d6b30e","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Human Horizons announced in March that it would introduce its premium HiPhi brand.

[{"selector":"#anim-794cc5b1-2a7d-4763-9ad9-f8253f2e2982","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cd4eaef2-143c-4ffb-b61a-89cb623c43eb","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]