Latest news with #Al-FuttaimElectricMobility
Hi Dubai
30-07-2025
- Automotive
- Hi Dubai
Dubai Taxi Company Reports AED105.4 million Net Profit in Q2 2025, Up 33%
Dubai Taxi Company (DTC) recorded a net profit of AED105.4 million in Q2 2025, a 33% year-on-year increase, fueled by rising demand and strategic fleet expansion. Quarterly revenue climbed 18% to AED625.2 million, bringing H1 revenue to AED1.2 billion, up 11% from the previous year. EBITDA reached AED180.6 million, with a margin of 29%. Key growth drivers included a 19% rise in completed trips (13.6 million total) and a fleet expansion to 10,180 vehicles, including 335 electric taxis. The delivery bike segment surged 102%, while limousine revenue rose 8%. Bus revenue declined due to contractual shifts. DTC announced a H1 dividend of AED160.7 million (6.43 fils per share), in line with its policy to distribute at least 85% of annual net profit. Strategic highlights include the integration of over 6,000 taxis on the Bolt platform and a partnership with Al-Futtaim Electric Mobility to deploy 200 BYD SEAL electric taxis, supporting full fleet electrification by 2040. Leadership reaffirmed DTC's growth outlook, citing infrastructure investment, tourism momentum, and a focus on smart, sustainable mobility solutions. News Source: Emirates News Agency
Mid East Info
12-07-2025
- Automotive
- Mid East Info
BYD and Al-Futtaim Electric Mobility Sign Landmark MoU with Safeline Group to Accelerate Logistics Fleet Electrification in the UAE
Strategic Partnership Underscores Commitment to Sustainable Mobility and UAE's Net Zero Vision and Green Mobility Agenda Dubai, UAE – July 2025 – BYD, the world's leading producer of new energy vehicles (NEVs), today announced a significant Memorandum of Understanding (MoU) with Safeline Group, a prominent electrical and mechanical distribution leader in the UAE. This strategic agreement facilitated by Al-Futtaim Electric Mobility, a subsidiary of Al-Futtaim and a leader in advancing sustainable mobility solutions, will see Safeline Group acquire 12 all-electric BYD vehicles, marking a pivotal step in their comprehensive plan to transition their entire fleet from internal combustion engines (ICE) to electric vehicles. This collaboration also reinforces Al-Futtaim Electric Mobility's corporate leadership in accelerating electrification across logistics and B2B fleets, while strongly aligning with the UAE's ambitious sustainability goals. This landmark partnership represents a significant moment for both BYD and Safeline Group in advancing the UAE's sustainability and mobility ambitions. The initial deployment of 12 BYD electric vehicles lays the groundwork for Safeline's larger three-year electrification plan, underscoring their clear commitment to a greener future for logistics and distribution in the region. Safeline's decision to choose BYD for its advanced EV technology and robust regional support underscores BYD's position as a pioneering EV brand in the UAE. This move builds upon Safeline Group's existing commitment to electric mobility, as they already utilize battery-powered forklifts in their warehouse operations. The company also plans to assess commercial electric vehicles in the near future, aiming for a comprehensive shift to green transport across its entire operations, solidifying its position as a pioneer of green mobility in the trade and distribution sector. Dr. Aboobacker Kuttikol, Managing Director of Safeline Group, said: 'This partnership with Al-Futtaim is more than just a fleet upgrade. It symbolizes our unwavering commitment to sustainability and innovation. We have already integrated electric mobility into our warehouse operations through battery-powered forklifts, and this latest step demonstrates our ambition to extend that transformation across our entire fleet. As EV technology continues to evolve, we are also actively evaluating suitable electric options for our commercial vehicles to ensure a comprehensive shift to green transport.' On the significance of the partnership, Mohammad Kassem, Retail Director, BYD Al-Futtaim, added: 'This strategic alliance with Safeline Group exemplifies Al-Futtaim Electric Mobility's dedication to fostering a robust electrified mobility ecosystem in the UAE. We are committed to empowering businesses with the advanced EV solutions they need to achieve their sustainability objectives, and this partnership between Safeline Group and BYD is a prime example of how we are accelerating the transition to a cleaner, more sustainable transportation landscape.' Signed on July 2, the MoU aligns closely with the UAE's national sustainability goals, including the Net Zero 2050 aspirations and the broader green mobility agenda. t marks a transformative step away from traditional ICE vehicles, advancing Safeline Group's operations toward a cleaner, more sustainable future. About BYD: BYD is the leading global producer of new energy vehicles (NEVs), having sold an impressive 3 million NEVs worldwide in 2023 alone. As one of the most successful manufacturers of electric and plug-in hybrid vehicles worldwide, BYD is the only company to produce the full industrial supply chain of electric vehicles, including the batteries, electric motors, electronic controllers, and semiconductors. With successful operations in several advanced markets, including Europe, the USA, Japan, and Korea, and a dominant market share in China, BYD is now a firm favourite to lead the sustainable mobility transition of the GCC region. About Safeline Group: Safe Line Group, established in 2000 in Abu Dhabi, has grown into a leading regional distribution power house, multi-million-dollar company with a strong presence across the UAE, Saudi Arabia, Oman and India. Specializing in high-quality electrical and mechanical materials for power plants and oil fields, Safe Line offers a wide range of products including cables, cable accessories, earthing systems, switchgear, and lighting solutions. As an authorized distributor for globally recognized brands like ABB, Panasonic and Riyadh Cables, the company also boasts its product lines Topex in rubber cables, lighting, and cable accessories. With dedicated divisions for switchgear assembly (ASTA-certified), MEP contracting, and retail outlets across GCC, Safe Line continues to deliver reliable, end-to-end electrical solutions, true to its tagline, Electrifying Safely—while preparing to expand across the GCC. About Al-Futtaim Electric Mobility: Al-Futtaim Electric Mobility is a subsidiary of Al-Futtaim, dedicated to promoting and advancing sustainable mobility solutions in the UAE and across the Middle East. The division is focused on the distribution and sale of electric and hybrid vehicles, charging infrastructure, and related services. With a strong commitment to environmental sustainability, Al-Futtaim Electric Mobility aims to accelerate the adoption of electric and hybrid vehicles in the region, reducing the carbon footprint and promoting a cleaner and greener future. The company is the exclusive distributor of Polestar and BYD electric vehicles in the UAE, offering a range of models that cater to different needs and budgets. In addition to offering electric vehicles, Al-Futtaim Electric Mobility provides a comprehensive range of services that includes charging solutions, after-sales support, and financing options.
Hi Dubai
11-07-2025
- Automotive
- Hi Dubai
BYD Signs Deal with Safeline Group to Kickstart Fleet Electrification in the UAE
BYD has signed a landmark agreement with Safeline Group to supply 12 all-electric vehicles, marking the start of a full transition to electric mobility for one of the UAE's key logistics firms. The Memorandum of Understanding (MoU), signed on July 2, was facilitated by Al-Futtaim Electric Mobility and underscores a growing shift toward sustainable transport in the region. It supports both corporate and national goals, including the UAE's Net Zero 2050 initiative. Safeline Group, a major player in electrical and mechanical distribution, plans to fully convert its fleet from internal combustion engines to electric vehicles within three years. The initial delivery of BYD electric vehicles will lay the foundation for this transformation. The company already employs battery-powered forklifts in its warehouses and is now evaluating commercial electric vehicles to extend electrification across all operations. Dr. Aboobacker Kuttikol, Managing Director of Safeline Group, said the partnership reflects their commitment to long-term sustainability and innovation. Mohammad Kassem, Retail Director at BYD Al-Futtaim, noted the alliance reinforces Al-Futtaim Electric Mobility's role in building a cleaner transport ecosystem across the UAE. The move positions Safeline Group as a pioneer of green mobility in the distribution sector and strengthens BYD's footprint in the UAE's growing EV market. News Source: Burson
ARN News Center
22-04-2025
- Automotive
- ARN News Center
200 BYD electric cars to be added to Dubai taxi fleet
Dubai Taxi Company (DTC) will strengthen its electric taxi fleet with 200 BYD sedans under a new partnership with Al-Futtaim Electric Mobility. The BYD SEAL is designed to offer a range of up to 600 km per charge, ensuring safety and enhanced passenger comfort. The move will support the UAE's Net Zero 2050 aspirations and help the DTC transition towards a fully electric fleet by 2040. "With over 86 per cent of our fleet already environment-friendly - well ahead of the Roads and Transport Authority's 2027 target to reach 100 per cent - through continued investment in sustainable mobility solutions, we are not only elevating the passenger experience but also actively contributing to Dubai's vision of a greener, smarter future," highlighted Mansoor Rahma Alfalasi, CEO of DTC. Hasan Nergiz, Managing Director of Al-Futtaim Electric Mobility, said the collaboration aims to "redefine urban mobility by introducing vehicles that reduce carbon emissions and offer passengers a quieter, more comfortable travel experience, paving the way for a cleaner, greener future".
Zawya
24-02-2025
- Automotive
- Zawya
Al-Futtaim Electric Mobility and BYD UAE unveil the all-new SEALION 7
A Dynamic Fusion of Performance, Innovation, and Family Practicality 20th February, Dubai, UAE – Al-Futtaim Electric Mobility, in partnership with BYD, the global leader in New Energy Vehicles (NEVs), is proud to announce the UAE debut of the all-new BYD SEALION 7. This revolutionary electric SUV makes its first-ever appearance in the Middle East, setting a new benchmark for performance, innovation, and family practicality in the region. Designed for the modern family that demands both excitement and practicality, the SEALION 7 disrupts the traditional SUV category with its unique 'Me vs. We' approach, proving that drivers don't have to compromise between personal thrill and family practicality. Designed for those who seek performance, space, and smart mobility, boasting 523 horsepower and a 0-100 km/h acceleration time of just 4.5 seconds, it delivers a sports car-like driving experience while ensuring exceptional comfort, space, and safety. 'The SEALION 7 is for those who want it all—performance, technology, and versatility in one stunning vehicle,' said Hasan Nergiz, Managing Director of Al-Futtaim Electric Mobility and BYD UAE. 'This SUV breaks the mold by offering exceptional driving dynamics without compromising on the space and practicality families need.' At the core of the SEALION 7 is the next-generation e-Platform 3.0, an advanced electric drive system designed for exceptional efficiency and performance. This cutting-edge platform features the world's fastest mass-produced electric motor, capable of reaching 23,000 rpm, delivering instant power and smooth acceleration. Enhancing safety and situational awareness, the ADAS with 5 radars, 5 cameras, and 9 airbags – not just reactive, but predictive. The Cell-to-Body (CTB) battery integration strengthens the vehicle's structural integrity, improving occupant protection in the event of a collision. For a refined driving experience, advanced damping shock absorbers minimize road vibrations, ensuring a smooth and stable ride. Additionally, BYD's renowned Blade Battery Technology enhances safety and durability, significantly reducing the risk of thermal runaway, making the SEALION 7 one of the safest electric SUVs on the road. The BYD SEALION 7 is more than just an all-electric family SUV—it redefines the driving experience by striking the perfect balance between individual excitement and family practicality. Built for those who love to drive, it delivers precision handling, powerful acceleration, and cutting-edge features that enhance personal enjoyment behind the wheel. At the same time, it seamlessly integrates spacious interiors, intelligent technology, and advanced safety systems, ensuring connectivity, comfort, and peace of mind for the entire family. Whether it's about reclaiming the thrill of the drive or creating effortless shared journeys, the SEALION 7 is designed to cater to both. This powerful narrative aligns with BYD's vision to transform the way customers perceive electric vehicles (EVs)—not just as a sustainable choice, but as an exciting, performance-driven lifestyle upgrade. The launch of the SEALION 7 coincides with BYD UAE's continued expansion, making sustainable mobility more accessible than ever. As part of its "Closer to You" initiative, the brand has now opened two new showrooms in Al Ain and Sharjah, and will be opening soon in Ras Al Khaimah, ensuring customers across the Emirates have easier access to its growing EV lineup. 'As we introduce new models like the SEALION 7, we're also expanding our presence to offer more convenience and accessibility to our customers,' added Nergiz. 'With new showrooms and a stronger aftersales network, we're making the transition to EVs not only easier but more exciting, convenient than ever before.' The model is now available for test drives and bookings at all BYD showrooms across the UAE. For more information, visit About Al-Futtaim Electric Mobility Al-Futtaim Electric Mobility is a subsidiary of Al-Futtaim Group, dedicated to promoting and advancing sustainable mobility solutions in the UAE and across the Middle East. The division is focused on the distribution and sale of electric and hybrid vehicles, charging infrastructure, and related services. With a strong commitment to environmental sustainability, Al-Futtaim Electric Mobility aims to accelerate the adoption of electric and hybrid vehicles in the region, reducing the carbon footprint and promoting a cleaner and greener future. The company is the exclusive distributor of Polestar and BYD electric vehicles in the UAE, offering a range of models that cater to different needs and budgets. In addition to offering electric vehicles, Al-Futtaim Electric Mobility provides a comprehensive range of services that includes charging solutions, after-sales support, and financing options. About BYD BYD is the leading global producer of new energy vehicles (NEVs), having sold an impressive 3 million NEVs worldwide in 2023 alone. As one of the most successful manufacturers of electric and plug-in hybrid vehicles worldwide, BYD is the only company to produce the full industrial supply chain of electric vehicles, including the batteries, electric motors, electronic controllers, and semiconductors. With successful operations in several advanced markets, including Europe, the USA, Japan, and Korea, and a dominant market share in China, BYD is now a firm favorite to lead the sustainable mobility transition of the GCC region.
