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Saudi Global Ports and SANY Heavy Industry Sign Contract to Manufacture, Supply 80 Electric Trucks

The contract was signed by SGP chief executive Edward Tah and SANY Marine chief executive Jeff Fu in the presence of other officials. Asharq Al-Awsat
The contract was signed by SGP chief executive Edward Tah and SANY Marine chief executive Jeff Fu in the presence of other officials. Asharq Al-Awsat
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Saudi Global Ports and SANY Heavy Industry Sign Contract to Manufacture, Supply 80 Electric Trucks

The contract was signed by SGP chief executive Edward Tah and SANY Marine chief executive Jeff Fu in the presence of other officials. Asharq Al-Awsat
The contract was signed by SGP chief executive Edward Tah and SANY Marine chief executive Jeff Fu in the presence of other officials. Asharq Al-Awsat

The Saudi Ports Authority (Mawani) announced the signing of a contract between the Saudi Global Ports (SGP) and SANY Heavy Industry, the leading Chinese manufacturer of heavy equipment, to supply King Abdulaziz Port in Dammam with 80 electric trucks.

It is the largest single contract signed by SANY to manufacture and supply electric trucks, making King Abdulaziz Port the largest port in the Middle East that owns this number of electric trucks.

The contract was signed by SGP chief executive Edward Tah and SANY Marine chief executive Jeff Fu in the presence of other officials on the sidelines of "Transport Logistic China 2024."

Mawani President Omar bin Talal Hariri said that the signing of the contract contributes to the development of King Abdulaziz Port in Dammam to be a flexible and sustainable logistics center and a leading model of operational excellence and logistical efficiency.

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China Autos Group 'Strongly Dissatisfied' with EU Anti-subsidy Tariffs

Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights
Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights
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China Autos Group 'Strongly Dissatisfied' with EU Anti-subsidy Tariffs

Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights
Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights

The China Association of Automobile Manufacturers (CAAM) is "strongly dissatisfied" with anti-subsidy tariffs proposed by the European Union, the industry group said in a statement on Saturday.

Manufacturers had cooperated with the European Commission's investigation into Chinese subsidies, but the inquiry had ignored the facts and preselected results, CAAM said in a post on the Chinese messaging app WeChat, Reuters reported.

The EU imposed tariffs of up to 37.6% on imports of electric vehicles made in China from Friday, with a four-month window during which the tariffs are provisional with intensive talks expected between the two sides.

"CAAM deeply regrets this and holds it firmly unacceptable," it said.

The provisional duties of between 17.4% and 37.6% without backdating are designed to prevent what European Commission President Ursula von der Leyen said is a threatened flood of cheap Chinese electric vehicles built with state subsidies.

The EU anti-subsidy investigation has nearly four months to run.