RIYADH, Saudi Arabia–(BUSINESS WIRE)–Australia-based Avass Group recently announced that they have signed an agreement with Saudi Arabia to jointly manufacture electric vehicles and lithium batteries.
The Group have endorsed a Memorandum of Understanding (MoU) with HRH Prince Abdulaziz Bin Abdullah Bin Saud Bin Abdulaziz Al Saud in the capital city of Riyadh on December 19. The agreement bolsters Avass Group’s plans to mass manufacture Full Electric Buses and Lithium Batteries in Saudi. The partnership stems from the consideration of strategic advantage that Saudi Arabia has due to its location at a central point between both Asia and Europe.
Given the increasing consumer awareness of environmental protection and in view of recent development trends of the electric vehicle industry, Avass Group is targeting the huge potential in global electric vehicle market.
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