WebNov 3, 2024 · Ceer will attract over $150 million of foreign direct investment and is projected to directly contribute $8 billion to the kingdom's GDP by 2034. World News Reuters Updated: November 03, 2024 9:24 ... WebFeb 17, 2024 · Ceer will design, manufacture and sell a range of vehicles for consumers in Saudi Arabia and the wider region with licensed component technology from BMW, …
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WebCeer Motors. It might seem weird that a petrol-chemical kingdom like Saudi Arabia would want to get into EV manufacturing but that’s exactly what is happening with Ceer Motors. A partnership between the Saudi wealth fund PIF and the Taiwanese contract manufacturer Foxconn (best known for making iPhones), Ceer plans to have its first vehicles ... WebNov 9, 2024 · Ceer is projected to directly contribute US$8 billion to Saudi Arabia’s GDP by 2034. The company, which is a joint venture between PIF and China’s Hon Hai Precision Industry Co. (“Foxconn”), will license … WebNov 7, 2024 · Each Ceer vehicle will be designed and manufactured in Saudi Arabia with the stated goal of leading in the areas of infotainment, connectivity and autonomous driving technologies. coffee smith orchard gateway