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Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability

By Sports Wire on April 23, 2024

saudi aramco amin nasser
Saudi Aramco President and Chief Executive Amin H. Nasser.


  • Saudi Aramco CEO Amin Nasser praised China for making solar panels and electric vehicles affordable.
  • The West has recently stepped up criticism over China's dumping of cheap green products on the global markets.
  • Saudi Arabia is fostering closer ties with China and wooing Chinese investments and business partnerships.

China's green industries have an unlikely ally in Saudi Aramco — the world's largest oil company — who praised the world's second-largest economy for making solar panels and electric vehicles affordable.

"China really helped by reducing the cost of solar energy," Amin Nasser, the CEO of state-owned Saudi Aramco, said at the World Energy Congress in Rotterdam on Monday, according to the Financial Times.

"We can see the same now in electric vehicles. Their cost is one-third to one-half the cost of other electric vehicles," Nasser added, as he called for globalization and collaboration, per the FT.

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