Ceer gets license for EV production facility

CEER logo

The Ministry of Industry and Mineral Resources issued an industrial license for Ceer, the first Saudi electric vehicle (EV) brand, to establish an EV manufacturing facility.

In a tweet, the ministry said the plant spans over one million square meters (sqm) and is located at the Industrial Valley in King Abdullah Economic City.

The project is expected to have positive economic contributions. It will likely attract foreign direct investments of SAR 562 million, create 30,000 direct and indirect job opportunities and contribute SAR 30 billion to the country’s gross domestic product (GDP) by 2034. 

Last November, Crown Prince Mohammed bin Salman announced the launch of Ceer, Argaam reported.

The company, which is a joint venture between PIF and Hon Hai Precision Industry Co.  (Foxconn), will license component technology from BMW for use in the vehicle development process.

Foxconn will develop the electrical architecture of the vehicles, resulting in a portfolio of products that will lead in the areas of infotainment, connectivity and autonomous driving technologies.

Each vehicle will be designed and manufactured in Saudi Arabia, and tested to the highest global automotive quality control and safety standards.

Ceer vehicles are scheduled to be available in 2025.