12:22 - 21.11.2024

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 November 21, Fineko/abc.az. Hyperview (China) is planning to start bus production in Saudi Arabia in 2026, investing approx. $50 million.

ABC.AZ reports that company’s representatives stressed the importance of this partnership, given Saudi Arabia's desire for large-scale hydrogen production in the coming years.

Saudi Arabia is actively developing hydrogen energy, aiming to become one of the largest hydrogen producers in the world.

In 2024, the country announced the creation of Energy Solutions Co., which will finance the production of "green" hydrogen with investments of at least $10 billion.

In addition, in May 2023, an agreement was signed with 23 banks and investment firms for the construction of a plant for the production of "green" hydrogen worth $8.4 billion.

Hyperview's partnership with Saudi Arabia will contribute to development of eco-friendly transport, taking into account country's plans for hydrogen production.