Saudi Arabia Joins With Foxconn To Create Its Own EV Brand | Carscoops carscoops
In addition to entering a joint venture with Foxconn, Saudi Arabia’s EV brand will license component technology from
. Meanwhile, Foxconn will develop the “infotainment, connectivity and autonomous driving technologies” of the future EVs, although it is not yet clear if the Taiwanese company will invest its own capital in the joint venture.has been cozying up with the Saudis for quite some time and has been in discussions since last year about establishing a $9 billion multipurpose facility in the country that could make microchips alongside electric vehicle components and other pieces of electronics.
Ceer plans to launch a series of sedans and SUVs and could begin deliveries of its first model as early as 2025. It is unclear whether these vehicles will be positioned as affordable, mass market EVs that will sell in high numbers or as high-end models that could occupy a similar space in the market to those from Lucid.
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