logo-en
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • SME Loans
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. BYD to Expand Saudi presence with 7 new showrooms by 2026

BYD to Expand Saudi presence with 7 new showrooms by 2026

GHADA.ISMAIL
Jul 14, 2025
BYD to triple showroom count as competition intensifies in Saudi Arabia’s emerging EV sector

Riyadh – Sharikat Mubasher: Chinese electric vehicle manufacturer BYD Co. announced plans to expand its footprint in Saudi Arabia, with the addition of seven new showrooms scheduled by the second half of 2026, as reported by Bloomberg.

This move follows the company’s initial entry into the Saudi market in 2024, where it currently operates three showrooms.

As part of its growth strategy, BYD is targeting the sale of over 5,000 vehicles in the Kingdom this year, underscoring its commitment to capturing a greater share of the emerging EV market in the region.

According to a report by PwC, electric vehicles account for just over 1% of total car sales in Saudi Arabia. The sector continues to face several structural challenges, including high vehicle costs, limited charging infrastructure, and the impact of extreme climatic conditions on performance.

BYD's expansion comes amid growing competition from other global automakers, including Tesla—which inaugurated its first Saudi showroom in Riyadh in April—and Chinese rival Geely, as international EV brands position themselves for long-term growth in the Kingdom.

Tags

BYD
EV market
Saudi Arabia
Share

Attract clients with your ad

Start Now

Trending

Lucidya raises $30mn series B round to scale its AI Agent offering
MUBASHER.SA
BYD to Expand Saudi presence with 7 new showrooms by 2026
MUBASHER
Sukna Capital launches Kingdom’s 1st sharia-compliant direct lending fund
MUBASHER.SA
Monsha’at launches “University Startups” Competition to boost campus startups
MUBASHER.SA
Saudi fintech sector exceeds 2024 goals with 261 operating firms
MUBASHER.SA

Related News

Private Equities News
Calendar Icon
Jul 14, 2025
BYD to Expand Saudi presence with 7 new showrooms by 2026
Read More
Private Equities News
Calendar Icon
Jul 14, 2025
Sukna Capital launches Kingdom’s 1st sharia-compliant direct lending fund
Read More
Private Equities News
Calendar Icon
Jul 13, 2025
Saudi startups dominate Middle East VC funding in H1-2025
Read More
Private Equities News
Calendar Icon
Jul 13, 2025
PIF launches Tasama to lead business services sector in Saudi Arabia
Read More
Private Equities News
Calendar Icon
Jul 13, 2025
Schneider Electric to expand logistics network in Saudi Arabia
Read More
Private Equities News
Calendar Icon
Jul 10, 2025
Heerim Joins New Murabba to bring global design to Riyadh’s future downtown
Read More
Private Equities News
Calendar Icon
Jul 10, 2025
Red Sea Authority licenses Maritime Solutions to offer coastal tourism activities
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • Opportunities
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher