{"id":82678,"date":"2024-02-28T00:00:00","date_gmt":"2024-02-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/02\/28\/nio-partners-with-forseven-to-unroll-its-evs-in-uae\/"},"modified":"2024-02-28T00:00:00","modified_gmt":"2024-02-28T00:00:00","slug":"nio-partners-with-forseven-to-unroll-its-evs-in-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/02\/28\/nio-partners-with-forseven-to-unroll-its-evs-in-uae\/","title":{"rendered":"Nio partners with Forseven to unroll its EVs in UAE"},"content":{"rendered":"

ELECTRIC VEHICLES-<\/p>\n

<\/strong>Forseven <\/strong>to manufacture Nio EVs in UAE: <\/strong>Abu Dhabi-backed CYVN Holdings<\/a> \u2019 EV subsidiary Forseven<\/a> signed a technology licensing agreement with Chinese EV manufacturer Nio<\/a> for the rights to use Nio software and tech, according to a press release<\/a>. Forseven will use the tech to manufacture and develop Nio-branded EVs and Nio will receive a fixed upfront amount and royalties based on future sales as part of the agreement.<\/p>\n

IN OTHER EV NEWS- China's EV maker <\/strong>Xpeng<\/a><\/strong> formed a strategic partnership with UAE-based <\/strong>Ali & Sons<\/a><\/strong>, Reuters<\/a> reports. The company said it will sell multiple Xpeng models in five Middle East and North African countries starting from 2Q this year. Xpeng also said it will launch its G6 and G9 SUV models in the UAE starting 3Q, and its P7 sedan and G9 SUV in Jordan and Lebanon in 2Q and in Egypt from 3Q<\/a>.<\/p>\n

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SOLAR- <\/p>\n

<\/strong>Egypt\u2019s Solariz expands El Gouna\u2019s solar power: <\/strong>El Gouna City\u2019s developer Orascom<\/a>Development Holding<\/a> (ODH) has extended its partnership agreement with SolarizEgypt<\/a> to double the capacity of its existing solar power plant from 7.2 MW to 14 MW, Zawya<\/a> reports, citing an ODH statement. The second phase of the project, which will cost EGP 200 mn (USD 6.5 mn), is expected to start operations by 4Q 2024. The company broke ground on the EGP 97 mn first phase of the project in 2022, which supplies 16% of the city's electricity demand<\/a>.<\/p>\n

WASTE-TO-ENERGY- <\/p>\n

Iraq extends deadline to submit bid for its first WtE <\/strong>plant<\/strong>: <\/strong>The Baghdad Municipality has extended the bid submission deadline for its planned 80-90 MW<\/a> waste-to-energy (WtE) project to 31 March, Zawya<\/a> reported citing a statement by the National Investment Commission (NIC). The project is being procured on a design, build, own, and operate model<\/p>\n

What we know: <\/strong>The facility \u2014 located in the Nahrawan area in Iraq\u2019s Diyala Governorate \u2014 will have the capacity to process 3k tons of waste daily, and is expected to be completed within 24 months under a public-private partnership, Zawya writes. The plant is also expected to have a generation efficiency higher than 30% and a landfill rate less than 5%. Iraq is also planning a similar project which will be announced once the land for it is secured, the authority noted earlier this month<\/a>. <\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n