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Infinity Power plans to invest USD 10.5 bn in Egypt by 2030
Solar, wind, and EVs will each get a share of the USD 10.5 bn investment
Hyundai + LG inaugurate Indonesia’s first EV battery plant
The USD 1.1 bn plant can power over 50k units
TODAY: Kuwait’s Warba Bank kicks off a green bond issuance
What we’re tracking this morning regionally and around the world
SERES + Green Motos launch two new EVs
The cars include a generator to extend driving range
Aramco is close to accquiring 10% of hybrid engine manufacturer Horse Powertrain
The transaction would see Renault and Geely each retain a 45% stake in the joint venture
Abdul Latif Jameel-backed EV maker Rivian to get USD 5 bn investment from Volkswagen
Both companies will use the tech from their JV to develop vehicles before 2030.
Desalination and green mobility updates from UAE and Saudi
Stories on our radar this morning from around the region
SingAuto to build its first int’l EV manufacturing hub in the UAE
SignAuto received an investment of USD 45 mn from an undisclosed UAE investor in March
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