The first network of hybrid automobiles and electric vehicle maintenance operations was launched by petromin, the saudi automobile services company, in the associated press news (internally editor kojanin) on 17 november, with the aim of further promoting electric vehicles in saudi arabia, thereby reducing dependence on fossil fuels。
In a statement, the company stated that its maintenance technicians were certified by the british automobile industry association and would be equipped with cutting-edge tools to provide reliable maintenance solutions for hybrid and electric car owners。
In recent years, against the backdrop of efforts to reduce the carbon footprint and diversify the non-oil economy, the pattern of the saudi automobile industry is undergoing a dramatic change — a surge in the demand for and use of electric vehicles — which requires additional supporting infrastructure to meet the demand。
In september this year, the united states pure electric vehicle brand lucid group opened its first overseas electric vehicle manufacturing plant in saudi arabia. In october, hyundai motor co. Also agreed to an agreement with the saudi sovereign wealth fund (pif) to invest over $500 million to build a car assembly plant。
Pif established a new investment entity in october this year, tasaru mobile investments, which works to upgrade the local supply chain capacity of the saudi automobile and mobile industry. Its first investment was the establishment of the automotive logistics centre in king abdullah city of economy (kaec)。
Petromin also earned credit in the development of the saudi tram industry. In 2020, it established the first saudi company, the electric motor solutions company, and, subsequently, electromin introduced the first electric vehicle charging network and the first electric vehicle ultra-fast straight-flow charging network in saudi arabia, setting up more than 100 charging stations。
The saudi minister of investment, khalid al-falih, stated that “global sales of electric vehicles increased by 65 per cent over the same period last year, while internal combustion cars decreased by 7 per cent, which is evidence of human efforts to protect the planet and hope for a safer and healthier future for future generations”
Petromin, based in jeddah, a company previously established in 1968 as petroube, is a joint venture between saudi arabian and exxon united states. In 2013, the saudi family enterprise al dabbagh group acquired petrolube and reorganized it into petromin。
In january this year, there were reports that petromin was planning an ipo to raise $1 billion。
