Currently reading: Saudi Public Investment Fund launches EV start-up

Joint venture with Foxconn, backed by Mohammed bin Salman, will launch first car in 2025

The Saudi Arabian Public Investment Fund (PIF) has launched an electric vehicle start-up called Ceer, with plans to develop and produce a range of cars in the region.

A joint venture with Taiwanese electronics manufacturer Foxconn, Ceer plans to launch its first vehicle for the Middle East and North African market in 2025.

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