Saudi Arabia has signed housing and urban development agreements worth 1.9 billion riyals (approximately US$507 million) with Chinese partners, including state-owned China State Construction Engineering.
From $9/month · 7-day free trial
Already a subscriber? Log in
Subscribe for full access to all articles
Start Free Trial
BMW is said to be withdrawing the i3, i5, and iX1 from its China lineup simultaneously in July , ending production of all three models built on combustion-derived platforms. The exit is framed as preparation for the Neue Klasse era, BMW's forthcoming purpose-built battery-electric architecture.
BYD is scaling up battery production in Brazil with the aim of reaching 50% local content in its Brazil-manufactured vehicles by the start of 2027. Battery output expansion is the primary mechanism the company has identified to hit that threshold.
Alibaba Cloud has opened its first data centre infrastructure in France, extending a European footprint that already spans Germany, the UK, and at least three other markets.