Revenue soars 24% year-on-year to $28.2 billion; Tesla sales were $25.2 billion for the same period but more profitable
Electric car
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China
Chinese EV maker NIO makes Middle East debut with UAE launch
NIO will also open its first Middle East showroom at Abu Dhabi’s Galleria Al Maryah Island this year
Dubai
Dubai Police fleet welcomes new ZEEKR electric vehicles
The official handover ceremony was held at the Dubai Police headquarters
Electric car
Lucid boss: Saudi Arabia ‘absolutely’ set to be global automotive hub with ‘relentless pursuit of innovation’
Lucid Middle East’s VP and MD speaks to Arabian Business about the all new Jeddah facility, Vision 2030, the launch of its SUV line and more
automobile industry
Ferrari planning to sell its forthcoming EV for upwards of $535,000
The company will launch its new manufacturing facility – e-Building – in Maranello on 21 June, which will increase production to 20,000 units
Dubai ride-hailing market
BluSmart announces 100% electric limo service in the UAE
India’s BluSmart expands into the UAE with electric limo service in Dubai
Electric car
Lucid announces UAE expansion with Dubai showroom, EV prices start at $84,000
Saudi-owned Lucid Group opens second Middle East studio with retail outlet and service centre in Dubai
Electric car
Saudi Arabia accounts for over half of all GCC car sales, 93,200 imports last year
Saudi car market in top 20 territories globally as imports thrive
car manufacturing
Saudi Arabia’s Ceer awards contract for $1.3bn electric vehicle manufacturing facility
Ceer awards major contract to build electric vehicle complex at King Abdullah Economic City in Saudi Arabia
Apple
Apple junks its most ambitious electric cars project: Report
Many car team employees, known as the Special Projects Group (SPG), will transition to the artificial intelligence division, focusing on generative AI projects
Automakers
Tata Group’s multi-billion UK electric car battery plant to be in Bridgwater
The $5 billion plant in the county of Somerset, southwest England, will be Tata’s first so-called gigafactory outside India
BYD
BYD unveils $233,450 high-performance electric supercar to rival Ferrari, Lamborghini
The car can hit 100 km/h (62 mph) in 2.36 seconds and reach a top speed of 309.19 km/h
Automotive
Regulator’s concern forces Tesla to recall almost all vehicles off US roads
Nearly 2 million cars recalled for software update after NHTSA says Tesla’s Autopilot open to ‘foreseeable misuse’
Charging station
Saudi launches EVIQ to power electric vehicles in Kingdom
PIF-backed Electric Vehicle Infrastructure Company brand EVIQ in Saudi Arabia
Electric
Lamborghini Abu Dhabi and Dubai launches 350kmph Revuelto electric vehicle in UAE
Lamborghini unveils much-anticipated electric hybrid the Revuelto in Dubai and Abu Dhabi
Electric car
Lucid opens Saudi car manufacturing facility
Lucid plans thousands of jobs in Saudi Arabia amid electric vehicle push
Automakers
Tata Group set to choose UK for new EV battery plant: Report
The UK government’s reported plans to provide subsidies worth hundreds of millions of pounds to Tata for the battery plant seems to have clinched the deal for the country