Saudi Arabia is aiming to become a key hub for making batteries for electric vehicles, as Saudi authorities look for new ways to diversify the economy and develop a domestic auto industry.
Khalid Al-Falih, Saudi Arabia’s minister for investment, said the country was looking at investing in the production of EV batteries and manufacturing hydrogen-powered vehicles as the next step in its plans to build a nexus for carmaking in the Middle East,
Source: Financial Digest (financialdigest.net)
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