New facility to focus on producing zero-emission commercial vehicles for the region
US-based electric vehicle manufacturer HummingbirdEV has announced plans to establish a new advanced microfactory facility in the UAE.
This microfactory paves the way for delivering custom e-mobility solutions to its clientele while also acting as a springboard for broader regional expansion, capitalising on advantageous free trade agreements in Southeast Asia, India, and the Mena region.
Rakesh Koneru, co-founder and CEO of HummingbirdEV, said: “We are thrilled to introduce HummingbirdEV to the UAE, and we’re invested in making it a hub for commercial vehicle manufacturing.
“We believe we’re positioned to accelerate the decarbonisation of commercial vehicles and advance global sustainability goals through our patented technologies that deliver on performance and cost. Our vehicles are not just zero-emission; they are purpose-built for the specific challenges and opportunities of this vibrant region.”
HummingbirdEV has also entered into a strategic partnership with IBMC Group, a UAE-based global investment & advisory firm.
The company has entered the thriving UAE e-mobility scene, driven by the country’s aggressive push towards electric vehicles as part of its efforts to increase the share of EVs to 50 per cent of total vehicles on the UAE’s roads by 2050.
According to the Global Electric Mobility Readiness Index published in 2022 by consultancy firm Arthur D. Little, the UAE EV market is currently in the early stages and is forecast to grow at a compound annual growth rate (CAGR) of 30 per cent between 2022 and 2028.
Hepatitis C is spread through contact with blood infected with the virus, such as by…
A daily weight-loss pill made by the drug firm behind the Mounjaro jab has been…
In July, after months of delicate negotiations, Trump announced a "major milestone" in the implementation…
UNIFIL said Saturday alone accounted for 229 of those projectiles, the highest single-day total since…
“The Bundibugyo virus continues to outpace us,” said Dr. Mohamed Janabi, WHO Regional Director for…
Key pointsThe Taliban have taken steps to promote discipline and oversight according to a new report by…