Saudi Arabia unveils first locally produced EVs to rival Tesla

Saudi Crown Prince Mohammed bin Salman launched the kingdom's first domestically manufactured electric vehicles, a sedan and SUV with up to 850 hp, slated for sale in 2027. This marks a strategic step in Saudi Arabia's diversification away from oil, though production scale and market competitiveness remain unproven. The move signals growing state-backed EV ambitions in the Gulf, potentially reshaping regional automotive and energy dynamics.