![]() The Teslarati team would appreciate hearing from you. ![]() The new EV brand is also projected to directly contribute US$8 billion to Saudi Arabia’s GDP by 2034. The PIF estimates that Ceer will attract over US$150 million foreign direct investment. The PIF previously invested in Lucid to attract industrial firms to create a domestic supply chain in Saudi Arabia. RIYADH: Saudi Arabia’s Heritage Commission announced it was launching the Modern Urban Heritage initiative to preserve important landmarks of. Ceer will also use component technology from BMW in its vehicles.Īccording to the Wall Street Journal, the Saudi government’s joint venture with Foxconn is a coup to draw foreign companies into the country. 3D saudi models for download, files in 3ds, max, c4d, maya, blend, obj, fbx with low poly, animated, rigged, game, and VR options. It aims to deliver the first Ceer EVs by 2025.įoxconn will help develop Ceer’s infotainment, connectivity, and autonomous driving technologies. Ceer plans to develop sedans and sport-utility vehicles for the mass market. Saudi Arabia’s PIF and Foxconn’s partnership hope to develop and manufacture a range of iconic electric vehicles. “Saudi Arabia is not just building a new automotive brand, we are igniting a new industry and an ecosystem that attracts international and local investments, creates job opportunities for local talent, enables the private sector, and contributes to increasing Saudi Arabia’s GDP over the next decade, as part of PIF’s strategy to drive the economic growth in line with Vision 2030,’ note His Royal Highness Crown Prince Mohammed bin Salman.
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