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Saudi Arabia launches Ceer carmaker with two electric vehicles

The company is a joint venture between the Public Investment Fund and Foxconn as the kingdom seeks to build a domestic auto industry.

· 1 min read · language: en
Article image
— Ars Technica

Saudi Arabia has launched Ceer, a new automaker that is entering the market with two electric vehicles, according to Ars Technica.

Ceer is a joint venture between Saudi Arabia’s Public Investment Fund and Foxconn. The project forms part of the kingdom’s effort to establish a domestic car-manufacturing industry.

The supplied item does not provide vehicle specifications, prices, production volumes or delivery dates. It establishes the ownership structure and the company’s initial focus on electric vehicles.

CeerElectric VehiclesSaudi Arabia

Sources

EGazette summarizes reporting from multiple sources; follow the links for the originals.

Also available in: ARFRTRUR

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