Skyworth Auto Signs $1.38 Billion Deal With Saudi Arabia's KAG
Skyworth Auto Signs $1.38 Billion Deal With Saudi Arabia's KAG
Skyworth Auto has signed a 10-year partnership agreement with Saudi Arabia's KAG, with the first phase of a five-year partnership having a business plan worth RMB 10 billion ($1.38 billion).
创维汽车已与沙特阿拉伯的KAG签署了为期10年的合作协议，其中五年合作的第一阶段的商业计划价值100亿元人民币（合13.8亿美元）。
(Image credit: CnEVPost)
（图片来源：cnevPost）
Skyworth Auto, the car-making arm of Chinese home appliance giant Skyworth, has signed a cooperation agreement with a Saudi company, as more Saudi money enters the Chinese car-making sector.
随着越来越多的沙特资金进入中国汽车制造领域，中国家电巨头创维旗下的汽车制造部门创维汽车已与一家沙特公司签署了合作协议。
Skyworth Auto has signed a 10-year strategic cooperation agreement with the Saudi royal-controlled KAG Group, with the first five years in the first phase of the partnership having a business plan of RMB 10 billion yuan ($1.38 billion), the company announced today.
该公司今天宣布，创维汽车已与沙特皇家控制的KAG集团签署了为期10年的战略合作协议，第一阶段合作的前五年的业务计划为人民币100亿元人民币（合13.8亿美元）。
The second phase of the five-year cooperation will be carried out subject to the first phase, Skyworth Auto said in a statement today.
创维汽车今天在一份声明中表示，五年合作的第二阶段将以第一阶段为前提进行。
On May 7-8, KAG's management visited Xuzhou, Jiangsu province, to discuss the strategic partnership and sign the agreement with Skyworth Auto, according to the statement.
声明称，5月7日至8日，KAG的管理层访问了江苏省徐州市，讨论战略合作伙伴关系，并与创维汽车签署了协议。
(Image credit: Skyworth)
（图片来源：创维）
KAG's main business scope includes the transportation of Saudi royal cars, new energy vehicles (NEVs), data analysis and consulting in Saudi Arabia, and more than 85 percent of the underground water pipes of Saudi municipalities, according to the statement.
声明称，KAG的主要业务范围包括沙特皇家汽车、新能源汽车（NEV）的运输、沙特阿拉伯的数据分析和咨询，以及沙特市政当局85％以上的地下水管。
The two have also entered into cooperation in areas including passenger cars, supercharging stations, and KAG will be Skyworth Auto's exclusive partner in Saudi Arabia, according to the car company.
据该汽车公司称，两者还在乘用车、增压站等领域进行了合作，KAG将成为创维汽车在沙特阿拉伯的独家合作伙伴。
Skyworth Auto is expanding its overseas markets and setting up KD (knocked down) plants in key regions and the Middle East is one of the main target destinations for building KD plants, it said.
它说，创维汽车正在扩大其海外市场，并在关键地区建立KD（已拆除的）工厂，而中东是建造KD工厂的主要目标目的地之一。
Skyworth's future KD plant in Saudi Arabia will be in partnership with KAG and new agreements will be signed gradually, the carmaker said.
这家汽车制造商表示，创维未来在沙特阿拉伯的KD工厂将与KAG合作，并将逐步签署新的协议。
(Image credit: Skyworth)
（图片来源：创维）
Founded in June 2000, Skyworth is one of China's most recognized home appliance giants.
创维成立于2000年6月，是中国最受认可的家用电器巨头之一。
In April 2021, Skyworth announced its entry into car building when its founder, Huang Hongsheng, announced that the name of Skywell Auto, which he founded, was changed to Skyworth Auto.
2021年4月，创维宣布进入汽车制造领域，当时创始人黄宏生宣布将他创立的开沃汽车的名称改为创维汽车。
Skyworth Auto unveiled the Skyworth ET5 at the time, which was renamed from the Skywell ET5, which went on sale in October 2020.
创维汽车当时推出了创维ET5，该车从2020年10月上市的创维ET5改名为创维ET5。
In July 2021, the model was officially launched, but the name was changed to Skyworth EV6.
2021年7月，该车型正式上市，但更名为创维EV6。
Currently Skyworth Auto sells EV6, EV6 II, HT-i, HT-I II in China.
目前，创维汽车在中国销售EV6、EV6 II、HT-i、HT-I II。
($1 = RMB 7.2266)
（$1 = 人民币 7.2266）
Li Auto plans to start tapping overseas markets in 2024, with 1st stop to be Middle East, report says
报告称，理想汽车计划在2024年开始开拓海外市场，第一站是中东