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Chinese EV maker Human Horizons signs $5.6 billion deal with Saudi Arabia · TechNode – TechNode

Chinese EV maker Human Horizons signs $5.6 billion deal with Saudi Arabia · TechNode – TechNode

On June 11, Saudi Arabia’s Ministry of Investment signed a cooperation agreement worth $5.6 billion with Human Horizons to establish a joint venture focusing on the research and development, manufacturing, and sales of automobiles, according to the Saudi Press Agency. Human Horizons owns luxury EV brand HiPhi, the Shanghai-based company focusing on the research and development of new energy automobiles and shared transportation systems. The brand’s first vehicle, the HiPhi X, began production in 2020 and is priced between RMB… 

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