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Chinese New Energy Vehicle Manufacturer Enovate to Build EV Factory in Saudi Arabia

13 Dec 2022 | Abstracted from Pandaily

"...establishment of a joint venture with Saudi Arabia's Sumou Holding...Both parties will invest about $500 million in Saudi Arabia to set up a manufacturing and R&D base...planned annual output of about 100,000 EVs.

"Enovate currently sells two models: an extended-range compact SUV (ME5) starting from 138,800 yuan ($19,886), and the ME7, a pure electric medium-sized SUV starting from 238,800 yuan ($34,212)."

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