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Hyundai Transys signs $2.2B EDS supply deal with Ceer · Endata

◂ Announcements

Jun 12, 2024CONTRACTSaudi Arabia

Hyundai Transys signs $2.2B EDS supply deal with Ceer

Hyundai Transys signed a 10-year contract worth KRW 3 trillion ($2.18 billion) to supply its integrated electric drive system to Saudi EV maker Ceer, starting in 2027.

Value

$2.18B

Status

Announced

Productsintegrated electric drive system

CompaniesCeer customer Hyundai Transys supplier

Sectors#Automotive Components

“Hyundai Transys, a components subsidiary of Hyundai Motor Group, announced it had signed a 10 year contract to supply its integrated Electric Drive System (EDS) to Ceer Motors.”alborsaanews.com

2 sources
alborsaanews.comشركة سيارات كهربائية سعودية توقع عقدًا مع "هيونداي" بـ2.2 مليار دولار - جريدة البورصةالبورصة خاصJun 12, 2024
just-auto.comHyundai Transys signs 10-year BEV deal with Ceer - Just AutoGraeme RobertsJun 12, 2024

Summarized from public sources; check the original articles before acting on it.

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Feb 13, 2025CONTRACTRiyadh, Saudi Arabia$1.50B
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Mar 10, 2024CONTRACTKing Abdullah Economic City, Saudi Arabia, Saudi Arabia$1.30B
Ceer awards $1.3B construction contract for Saudi EV complex
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Ceer selects Siemens automation systems for EV plant in Saudi Arabia
Siemens supplier Ceer customer press.siemens.com

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