After the expansion of "Tesla" .. "Byd" aims to sell more than 10,000 electric cars in Saudi Arabia annually

The Chinese “Byd” business intends to improve its expansion in the Kingdom of Saudi Arabia, and utilizes the momentum caused by the entry of the “Tesla” the local market and tries to benefit from the ambition of the kingdom to become a regional center for the electrical auto industry. ‘Byd’ launched its operations in Saudi Arabia last year, is currently offering three exhibitions and attempts to open seven additional exhibitions against the second half of 2026, according to Jerome Sugo, the general manager of the company in the kingdom. The company expects to sell more than 5,000 cars in the kingdom this year, which is a small number compared to total sales worldwide, but it is large in a market dominated by traditional cars with high fuel consumption, and the acceptance of electric cars in the kingdom is still slow. The requirements of the Saudi Market said in an interview with Bloomberg: “The Saudi market is not easy to enter or succeed, and it must move quickly. The goals should be ambitious.” We do not intend to stay at the sales level of five or ten thousand cars annually. ‘Saudi Arabia is investing in the electrical automotive industry by the Public Investment Fund (sovereign), within the framework of a broader strategy aimed at reducing emissions, reducing car imports and diversifying the local economy. (Ceer), and it started a joint project to create a network of electric motor stations. The Saudi Market.