Ceer Motors


Ceer Motors is an electric vehicle brand in Saudi Arabia. It is the first Saudi EV brand and includes sedans and SUVs for the GCC region. Ceer Motors plans to distribute in Middle Eastern markets by 2025. The brand name Ceer, translates to the Arabic word for "drive forward".
WWW Official Site𝕏 ceerFB ceermotors

History

Ceer Motors was formed through a partnership between the Saudi Public Investment Fund and the Taiwanese contract manufacturer Foxconn. Saudi Arabia's sovereign wealth fund is projected to partner with Apple Inc. to build a $9 billion facility that manufactures microchips, electric-vehicle components and other electronics. The joint venture is part of an effort to diversify the Kingdom's economy apart from being oil-dependent, in line with the Saudi Vision 2030.
The company will license component technology from BMW to use in the electric vehicle development process. Foxconn will develop the electrical architecture of the products.
In June 2024, a contract worth $2.2 billion was signed between Ceer and Hyundai Transys, through which the Korean company will supply Ceer vehicles with the integrated electric vehicle drive system.

Investments

Ceer Motors is projected to contribute directly with over $150 million of foreign investment to the Kingdom and offer up to 30,000 direct and indirect job opportunities. By 2034, Ceer Motors is expected to contribute $8 billion to Saudi Arabia's GDP.

Partners

  • Siemens
  • KAUST
  • Foxconn
  • Isoclima
  • BMW
  • Rimac Technology
  • Hyundai Transys
  • Sabelt
  • Schuler
  • Dürr
  • Modern Building Leaders
  • Nahil Computer
  • Bupa Arabia
  • Atlas Industrial Equipment Co.
  • Saudi Business Machines
  • Liva Insurance
  • Zamil Central Air Conditioners Co. Ltd.
  • Zamil Plastic Industrial Company
  • Obeikan Glass Company
  • Abdul Latif Jameel Enterprises
  • Saudi Company for Controls and Maintenance
  • Arabian Plastic Industrial Co.
  • Saudi Aluminum Casting Company
  • First Telecom Industries
  • CTR
  • Royal Commission for Yanbu
  • Electric Vehicle Infrastructure Company

King Salman Automotive Cluster

  • Lear
  • Forvia
  • Shinyoung
  • Benteler
  • JVIS
  • Pirelli