Most used auto parts can’t be imported into Saudi Arabia, but reconditioned engine and transmission components are exempt in the event that they comply with certified standards. Enforcement of mental property safety and anti-counterfeiting measures are bettering in the Kingdom. SASO has directed manufacturers and their agents in the Kingdom to strictly follow new safety regulations for new vehicles to be marketed in the Kingdom starting 2017. SASO said that security requirements ought to conform to the rules set out within the GCC technical laws for vehicles. Under these new rules, entrance seat air bags for passengers, good braking system and anti-lock brakes are required. “Meanwhile, the production of high-end energy batteries for premium electric automobiles still lags demand, and the core NEV expertise trails behind international opponents,” Zhang says. Due to technological advancements and the manufacturing of EV batteries on a mass scale in massive volumes, the worth of EV batteries has been reducing over the past decade.
Most of the trade’s largest elements suppliers took a income hit in the year of the pandemic. More than eleven,000 jobs are expected to be created beneath a $11.4 billion project designed to make Ford an EV leader.