EV brand Beyonca signs investment deal with Saudi Arabian group

EV brand Beyonca signs investment deal with Saudi Arabian group

Technology

Beyonca also inked a strategic cooperation deal with QG FZE-LLC

Follow on
Follow us on Google News

BEIJING (Reuters) - Electric vehicle brand Beyonca, backed by Renault and Dongfeng Motor, said on Monday that it signed an investment agreement with Riyadh-based Al Faisaliah Group Holding Company.

At the signing ceremony at Dongfeng Motor’s headquarters in the central Chinese city of Wuhan, Beyonca also inked a strategic cooperation deal with QG FZE-LLC regarding investment opportunities in the Middle East, according to the EV brand.