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Saudi Arabia grants industrial licence to Ceer to start manufacturing EVs – The National

Saudi Arabia grants industrial licence to Ceer to start manufacturing EVs – The National

Saudi Arabia’s Ministry of Industry and Mineral Resources has granted an industrial licence to Ceer, a joint venture between the Public Investment Fund and Taiwan’s Foxconn, to start manufacturing electric vehicles in the kingdom.Ceer – the kingdom’s first EV brand – was launched last year, as the country aims to boost its manufacturing sector and diversify its economy away from oil.The company will build its new manufacturing unit in an area covering more than one million square metres in King… 

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