Chinese electric car manufacturer BYD (SZ:002594) announced Friday the debut of its premier Han sedan in the United Arab Emirates this week.
Additionally, BYD's local website indicates the availability of its ATTO 3 model for purchase in the UAE.
This development signifies a continued effort by Chinese enterprises to penetrate the Middle Eastern market, particularly as geopolitical challenges hinder their entry into the U.S. and expansion in Europe.
BYD has experienced rapid growth within China's domestic auto market and has steadily extended its passenger car operations globally.
Rival electric automaker, Nio (NYSE:NIO) announced in June that the company had secured $738.5 million in funding from a fund owned by the Abu Dhabi government.
The company introduced the Han sedan to the Chinese market back in 2020.
Available in hybrid and all-electric versions utilizing BYD's innovative "blade battery," the Han swiftly secured a position among the top 10 best-selling new energy vehicles in China for that year.