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BEIJING: Electric vehicle brand Beyonca, backed by Renault and Dongfeng Motor , said on Monday that it signed an investment agreement with Riyadh-based Al Faisaliah Group Holding Company.

EV giant BYD considering investment in Pakistan, says Dr Ejaz

At the signing ceremony at Dongfeng Motor’s headquarters in the central Chinese city of Wuhan, Beyonca also inked a strategic cooperation deal with QG FZE-LLC regarding investment opportunities in the Middle East, according to the EV brand.

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