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Hyundai Transys secures $2.2B contract with Ceer for EV drive systems · Endata

◂ Announcements

Jul 2, 2024CONTRACTSouth Korea

Hyundai Transys secures $2.2B contract with Ceer for EV drive systems

Hyundai Transys has secured a USD 2.2 billion contract to supply integrated EV drive systems to Ceer, Saudi Arabia's first domestic EV manufacturer. The agreement was formalized at Hyundai Transys' headquarters.

Value

$2.20B

Status

Completed

Productsintegrated EV drive systems (motor, inverter, reduction gear)

CompaniesCeer customer Hyundai Transys supplier

Sectors#Automotive Components

“Hyundai Transys has secured a substantial USD 2.2 billion contract to supply advanced integrated electric vehicle (EV) drive systems to Centre, Saudi Arabia’s first domestic EV manufacturer.”autoevtimes.com

1 source
autoevtimes.comHyundai Transys Secures $2.2B Contract for Saudi EV Drive SystemsAutoEV TimesJul 2, 2024

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

More from Ceer

Feb 13, 2025CONTRACTRiyadh, Saudi Arabia$1.50B
Ceer signs SAR5.5 billion supply agreements with 11 partners in Saudi Arabia
Ceer Public Investment Fund partner spa.gov.sa
Feb 12, 2025CONTRACTSaudi Arabia
Obeikan Glass subsidiary to supply aluminum parts to Ceer
Ceer customer Saudi Casting Foundry for Aluminum supplier zawya.com
Jul 8, 2024CONTRACTKing Abdulla Economic City, Saudi Arabia
Shinyoung to supply body parts to Saudi EV brand Ceer
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Jun 12, 2024CONTRACTSaudi Arabia$2.18B
Hyundai Transys signs $2.2B EDS supply deal with Ceer
Ceer customer Hyundai Transys supplier alborsaanews.com just-auto.com
Mar 10, 2024CONTRACTKing Abdullah Economic City, Saudi Arabia, Saudi Arabia$1.30B
Ceer awards $1.3B construction contract for Saudi EV complex
Modern Building Leaders supplier Ceer customer gulfconstructiononline.com
Nov 9, 2023CONTRACTKing Abdullah Economic City, Saudi Arabia
Ceer selects Siemens automation systems for EV plant in Saudi Arabia
Siemens supplier Ceer customer press.siemens.com

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