Machinery, materials, industrial development and supply chains
Chery Group plans to increase overseas-manufactured vehicles to 70% of its international export volume by 2030, according to Drive Arabia. The Chinese carmaker expects overseas production to exceed 50% by late 2026 and reach 60% in 2027. While local assembly continues in Egypt via GB Auto, the group has not confirmed new assembly facilities in the UAE or Saudi Arabia.
According to an UNCTAD report, inward FDI into GCC economies increased 18% in 2025 to approximately $99 billion, led by the UAE with around $48 billion. The Gulf region expanded its outward FDI to $130 billion while strengthening its role as an investment bridge with China and Asia.
Pre-production units of BYD's Yangwang luxury electric sedan, codenamed Project HU, were spotted on transport flatbeds in China ahead of shipment to the Middle East. Yangwang Sales Division General Manager Hu Xiaoqing confirmed the brand will unveil the model in the UAE. Sources report that BYD is targeting a Dubai debut around November 5, 2026.
Several Chinese electric vehicle manufacturers have reported their first annual or quarterly profits, demonstrating growing financial viability amid domestic price competition. Leapmotor posted a 2025 full-year profit of $78 million, while Nio and Xpeng generated positive fourth-quarter earnings. The companies join BYD, Li Auto, and Xiaomi among Chinese new energy vehicle makers with positive cash flow.
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