Chinese EV giant BYD is accelerating its Saudi push, aiming to sell 5,000+ cars in 2025 and expand to 10 showrooms by 2026. The move comes months after Tesla debuted in the Kingdom. With rising interest in EVs and government support, BYD sees Tesla's presence as market-boosting. Its U.S.-listed shares are up 36% YTD, outperforming Tesla's 22% decline.
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04:34 pm on
14 Jul