Saudi Aramco, BYD partner to develop, advance vehicle tech with lower carbon footprint
Rush-hour traffic in Riyadh, Saudi Arabia, on Jan. 19, 2023. Saudi Arabia has set an ambitious target to increase electric vehicle adoption from 1 percent to 30 percent within five years. The kingdom faces infrastructure challenges, with only 101 EV charging stations recorded as of 2024. (Jeremy Suyker/BLOOMBERG)
The Japanese automaker will ditch about 20 performance-based metrics for a singular metric: new-car sales. The Nissan One program, which launches June 3, ties dealer variable margin to achieving retail volume goals.