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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Saudi Arabia signs $5.6bln deal with Chinese EV firm Human Horizons

  • By Al-Mayadeen English
  • Source: Agencies
  • 12 Jun 2023 14:38
  • 1 Shares
2 Min Read

Riyadh aims to develop a domestic electric vehicle (EV) manufacturing industry, which may be one of the reasons behind their intended collaboration with Human Horizons which makes electric vehicles under the HiPhi brand in China.

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    A photo of the HiPhi X electric vehicle on display in Shanghai, China on January 2, 2021 (Wikimedia Commons)

A $5.6 billion deal has been signed between Saudi Arabia's Ministry of Investment and Chinese electric car manufacturer Human Horizons in an effort to work jointly on the development, manufacture, and sale of the cars, as confirmed by the Saudi state news agency.

The deal is part of the $10 billion investments, accounting for more than half of it being signed during an Arab-China business conference in Riyadh on Sunday, which focused on the sectors of technology, renewable energy, agriculture, real estate, metals, tourism, and healthcare. 

The kingdom aims to develop a domestic electric vehicle (EV) manufacturing industry, which may be one of the reasons behind their intended collaboration with Human Horizons, which makes electric vehicles under the HiPhi brand in China.

While the bilateral ties between the world's top oil exporter and China remain tight as a result of energy ties, boosting investments in sectors other than oil has been a recent objective of the kingdom's diversification plan.

Read next: Saudi-Iranian agreement to restore diplomatic relations

Speaking at the conference, Saudi Arabia's Investment Minister, Khalid Al-Falih, stated that while China looks to strengthen its trade ties with the Arab world, the Kingdom may serve as its gateway, especially with the revival of the Silk Route. 

It is worth noting that Saudi Arabia accounted for 25% of the $432 billion in commerce between China and Arab nations last year.

The Minister added in a statement that the plan to revive the Silk Route is consistent with Saudi Arabia's future vision, which aims to diversify its economy and employ contemporary technologies to improve the abilities of its young.

According to the Saudi statement, Chinese foreign direct investment into Arab markets reached $23 billion in 2021 - $3.5 billion was put in Saudi Arabia.

Back in March, Human Horizons confirmed that it plans to launch its premium HiPhi brand in various European markets this year as part of its aim to expand overseas. 

  • Human Horizons
  • electric vehicles
  • China
  • Saudi Arabia

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