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Ceer Motors
Saudi electric vehicle company From Wikipedia, the free encyclopedia
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Ceer Motors is an electric vehicle brand in Saudi Arabia.[1] It is the first Saudi EV brand and includes Sedans and Sports Utility Vehicles (SUV's) for the GCC region.[2] Ceer Motors plans to distribute in Middle Eastern markets by 2025.[3][4][5] The brand name Ceer, translates to the Arabic word for "drive forward".[6]
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History
Ceer Motors was formed through a partnership between the Saudi Public Investment Fund (PIF) and the Taiwanese contract manufacturer Foxconn.[7] Saudi Arabia's sovereign wealth fund is projected to partner with Apple Inc. to build a $9 billion facility that manufactures microchips, electric-vehicle components and other electronics.[8] The joint venture is part of an effort to diversify the Kingdom's economy apart from being oil-dependent, in line with the Saudi Vision 2030.[9][10][11]
The company will license component technology from BMW to use in the electric vehicle development process. Foxconn will develop the electrical architecture of the products.[12]
In June 2024, a contract worth $2.2 billion was signed between Ceer and Hyundai Transys, through which the Korean company will supply Ceer vehicles with the integrated electric vehicle drive system (EDS).[13]
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Products
Investments
Ceer Motors is projected to contribute directly with over $150 million of foreign investment to the Kingdom and offer up to 30,000 direct and indirect job opportunities.[14] By 2034, Ceer Motors is expected to contribute $8 billion to Saudi Arabia's GDP.[15]
Partners
- Siemens
- KAUST
- Foxconn
- Isoclima
- BMW
- Rimac Technology
- Hyundai Transys
- Sabelt
- Schuler
- Dürr
- Modern Building Leaders (MBL)
- Nahil Computer
- Bupa Arabia
- Atlas Industrial Equipment Co.
- Saudi Business Machines
- Liva Insurance
- Zamil Central Air Conditioners Co. Ltd.
- Zamil Plastic Industrial Company
- Obeikan Glass Company
- Abdul Latif Jameel Enterprises (ALJ)
- Saudi Company for Controls and Maintenance (Saudi Controls Ltd)
- Arabian Plastic Industrial Co. (APICO)
- Saudi Aluminum Casting Company (SAC)
- First Telecom Industries (FTI)
- CTR
- Royal Commission for Yanbu (RCY)
- Electric Vehicle Infrastructure Company (EVIQ)
King Salman Automotive Cluster
- Lear
- Forvia
- Shinyoung
- Benteler
- JVIS
- Pirelli[16]
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See also
References
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