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(Yicai) Oct. 10 -- Arcfox, a Chinese premium new energy vehicle brand under BAIC Group, said it has partnered with Bin Omeir Holding Group, an investor from the United Arab Emirates, to advance in the UAE and Saudi Arabian markets.
Abu Dhabi-based Bin Omeir will buy 600 Arcfox cars in the first batch and help the Chinese brand to complete its Gulf region certification, develop a local emergency call system, and verify adaptability to high-temperature environments, the Beijing-based firm said on WeChat today. The pair will also explore collaborations in other fields, including equity cooperation, it added.
Arcfox is an electric-vehicle marque debuted by BAIC in 2017. Its deliveries surged 77 percent to 2,016 vehicles last month from a year earlier, while its shipments totaled 14,501 units in the nine months ended Sept. 30.
In a separate announcement yesterday, Arcfox also said that it has partnered with Japanese autonomous driving startup Turing Motor. The two will likely launch Arcfox smart models in Japan next year, with Turing making modifications to adapt the vehicles to the local market, it noted.
Chinese carmakers have sped up their expansion to overseas markets since the start of this year. China's vehicle exports soared 77 percent to 2.3 million units in the first half of this year from a year ago, surpassing Japan as the world's biggest car exporter, according to data from the China Association of Automobile Manufacturers.
Editor: Martin Kadiev