Shinyoung to supply body parts to Saudi EV brand Ceer

Shinyoung signed a contract to supply mold and jig body parts to Ceer, Saudi Arabia's first electric vehicle brand. The deal includes an initial order worth 143.7 billion won for three models and a second order of 497.1 billion won for five models. Shinyoung will build a factory in King Abdulla Economic City, with mass production starting in October 2026.

“Shinyoung plans to start construction of a factory in the central and western Saudi Arabia's King Abdulla Economic City next month and start mass production in October 2026.”mk.co.kr

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• mk.co.krA domestic mid-sized company will supply key parts worth 400 billion won to Saudi Arabia's first ele.. - MKJul 8, 2024

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