A Yangwang U9 Xtreme electric hypercar was destroyed in a high-speed crash on a closed test track in China, with the driver emerging uninjured as the carbon passenger cell remained intact. The crash occurred ahead of a planned attempt to surpass 500 km/h in the United Arab Emirates in November 2026. BYD has not disclosed crash speed or telemetry and has not withdrawn the scheduled UAE run.
Dubai-based Mashreq Bank has injected USD 125 million into its Hong Kong arm to expand cross-border financial services for Chinese firms and Middle Eastern investors. Concurrently, Chinese EV giant BYD is accelerating GCC capital investment in partnership with Al-Futtaim, operating 10 regional showrooms across the UAE and Saudi Arabia.
Chinese electric vehicle manufacturer BYD has named the GCC its top priority for international expansion, targeting increased investment in the UAE and Saudi Arabia. The company plans to construct a dedicated regional spare parts distribution centre while expanding retail and after-sales infrastructure. BYD also aims to pursue regional opportunities in autonomous driving, robotics, battery energy storage, and an upcoming luxury vehicle debut.
Chinese automotive group BYD has announced that its luxury marque Yangwang will stage the global launch of its Altior limousine in Abu Dhabi in early November. The executive sedan is priced at more than RMB 2 million ($300,000) in China and features advanced driver-assistance systems and roof-mounted lidar. The vehicle is positioned to compete against European ultra-luxury brands such as Rolls-Royce and Mercedes-Maybach.
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