On May 7-8, 2024, the CEO of KAG Group, which is owned by HRHP Rima bint Abdullah bin Abdulaziz Al Saud, the royal family of Saudi Arabia, visited Xuzhou, Jiangsu Province, and held a talk and signed a deal with Skyworth on a ten-year strategic partnership.

KAG Group's main business scope is to provide Saudi royal automotive transportation, new energy vehicles, Saudi data analysis and consulting, more than 85% of Saudi municipal underground water pipeline, water conservancy and other businesses. The cooperation with Skyworth will be carried out in two phases, with RMB 10 billion planned for the first five years, and the second five years will be continued depending on the result of the previous phase.

At the same time, Skyworth Automotive have reached a cooperation with KAG Group on a full range of new energy products, including passenger cars, supercharging stations, smart life, etc. Under the partnership agreement, KAG Group will become the exclusive partner of Skyworth Automotive in United Arab Emirates in Saudi Arabia.

At present, Skyworth has invested heavily in overseas expansion, building KD factories in key regions around the world and working in collaboration with local governments. The Middle East has been considered by Skyworth as one of the key regions for the construction of the KD plant. In the future, Skyworth Saudi Arabia KD Plant and KAG will further deepen their cooperation and jointly contribute to the goal of achieving global carbon neutrality and green development.