Saudi wealth fund and Foxconn form Ceer electric car joint venture

Saudi Arabia's sovereign wealth fund (PIF) and Foxconn announced a joint venture called Ceer to design, manufacture, and sell electric vehicles in Saudi Arabia and the MENA region.

“Ceer is the first Saudi automotive brand to produce electric vehicles in Saudi Arabia.”reuters.com

• 1 source
• reuters.comSaudi wealth fund sets up electric car joint venture with ...Alaa Swilam, Yousef SabaNov 3, 2022

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