Company Insights Ceer Motors Transport Latest Ceer Motors DevelopmentsAI Insights Ceer Motors plans to commence the production of its first electric vehicles by late 2026 from its facility located in King Abdullah Economic City. This development follows the signing of 11 deals worth SAR5.5 billion at the Public Investment Fund Public Sector Forum in Riyadh1. The factory in King Abdullah Economic City forms part of the King Salman Automotive Cluster, which will also include manufacturers such as Lucid Motors and host several joint projects with global companies including Hyundai Motor and Pirelli2. Ceer Motors entered into a SAR8.2 billion agreement with Hyundai Transys from South Korea in 2024 for EV drive systems. This contract will result in a reduction in size and weight while enhancing power efficiency. Additionally, the company secured a SAR543 million deal with Sabelt from Italy for high-performance sports seats to equip its upcoming flagship E sedan and SUV models. Saudi Arabia saw a rise in EV imports in 2023, reaching 779 vehicles. Ceer Motors is expected to launch its local electric vehicle production in 2025 as part of efforts to produce 500,000 units annually by 2030 for both export and domestic use3. Ceer's activities align with the investments of the Public Investment Fund in the automotive sector to boost jobs and economic contributions by 20344. The increase in electric vehicle manufacturing in Saudi Arabia coincides with existing plans to improve EV infrastructure in partnership with Lucid5. Ceer Motors Overview Saudi Arabia’s first electric car manufacturing company Ceer Motors was formed through a partnership between the Saudi Public Investment Fund (PIF) and Foxconn, the Taiwanese contract manufacturer. Ceer will design, manufacture and sell a range of vehicles including sedans and sports utility vehicles using licensed technology from BMW. It is also working with Rimac Technology. In June 2024, a contract worth $2.2 billion was signed between Ceer and Hyundai Transys, through which the Korean company will supply Ceer vehicles with the integrated electric vehicle drive system. Ceer Motors has also signed an agreement with the Electric Vehicle Infrastructure Company. Modern Building Leaders is contracted to build a manufacturing complex in King Abdullah Economic City and the first Ceer EVs are scheduled to be available in 2026. It is predicted that Ceer Motors will attract more than $150 million of foreign investment to Saudia Arabia and 30,000 job opportunities. The company is expected to contribute $8 billion to Saudi Arabia’s GDP by 2034. Ceer Motors News Opinion Industry How Trump’s tariffs could reshape Gulf aluminium exports Ports, shipping, transport and logistics services must be ready to react quickly February 14, 2025 Logistics Saudi Arabia welcomes private funds for $64bn logistics projects Saudi Arabia has more than SAR240 billion ($64 billion) of logistics projects underway and planned, most of which are open to private sector investment, a government minister has said. This includes airport management, highway construction and seaport projects, transport minister Saleh Al-Jasser told a government-backed investment conference in Riyadh this week. Private sector investment and […] February 13, 2025 Transport Saudi homegrown Ceer to produce first EVs in 2026 Ceer, Saudi Arabia’s first electric vehicle manufacturer, plans to roll the first vehicle off its production line in late 2026, the company’s CEO Jim DeLuca said. It signed 11 deals worth SAR5.5 billion ($1.4 billion) at the Public Investment Fund (PIF) Public Sector Forum in Riyadh, 80 percent of which involved Saudi businesses. This is […] February 13, 2025 Manufacturing Ceer strikes $145m deal with Sabelt for EV sports seats Ceer, Saudi Arabia’s first electric vehicle (EV) brand, has struck a SAR543 million ($145 million) deal with Italy’s Sabelt to develop sports seats for its upcoming flagship E sedan and SUV models. The drivers will get the same seats as those in high-performance sports cars. Sabelt will create high-performance seats for Ceer, ensuring maximum protection, […] February 7, 2025 Exclusive Transport Tesla to enter Saudi Arabia within months Elon Musk’s Tesla is set to launch in Saudi Arabia this quarter, marking its entry into one of the world’s largest oil-producing nations as it continues expanding across the Gulf, sources familiar with the plans told AGBI. The US electric vehicle maker will open sales through pop-up stores and establish a showroom and service centre, […] January 16, 2025 Transport Lucid’s Jeddah factory targets new Middle East territories Lucid, the Saudi-owned electric vehicle manufacturer based in the US, is moving to full production at its Jeddah factory, with a target capacity of 150,000 cars a year within three years, its robotics provider, Rockwell Automation, said this week. “Currently it’s for domestic use but when the expanded plant is done, they will cover all […] November 7, 2024 Industry Saudi Arabia open to joint mining ventures with China Saudi Arabia is open to joint investments with Chinese mining companies, mineral resources minister Bandar Alkhorayef has said. The kingdom is seeking collaborations in processing and producing lithium used in electric vehicle (EV) batteries, as well as processing and refining copper, the state-run Saudi Press Agency reported. During a meeting with senior executives of General […] September 8, 2024 Transport Driverless cars for Saudi officials by next year Saudi Arabia has launched a project for driverless cars which could result in government agencies using them as early as next year. The government is installing smart communication devices along roadways that interact with autonomous vehicles, the official Saudi Press Agency said, announcing a new Saudi Road Code. “These devices provide real-time road condition data, […] August 16, 2024 Transport Saudi-backed Lucid EV makes more cars but lags target Saudi-backed US electric vehicle maker Lucid has increased Q2 production by 22 percent but still looks likely to miss its annual targets. Some 2,110 vehicles were produced, compared to 1,728 in the previous quarter. However, the company’s annual target is 9,000 units. The company also received a setback when the US National Highway Traffic Safety […] July 9, 2024 Mining Saudi Arabia targets Chile for lithium investments Saudi Arabia’s mining minister Bandar Alkhorayef will visit Chile next month to negotiate a deal to secure lithium to support the kingdom’s ambition to expand its electric vehicle (EV) sector, a news report said. Alkhorayef will meet with his counterpart in Santiago, Reuters reported, quoting a Chilean government statement. The report said the two officials will discuss […] June 18, 2024 Posts navigation 1 2 … 5 Next
Opinion Industry How Trump’s tariffs could reshape Gulf aluminium exports Ports, shipping, transport and logistics services must be ready to react quickly February 14, 2025
Logistics Saudi Arabia welcomes private funds for $64bn logistics projects Saudi Arabia has more than SAR240 billion ($64 billion) of logistics projects underway and planned, most of which are open to private sector investment, a government minister has said. This includes airport management, highway construction and seaport projects, transport minister Saleh Al-Jasser told a government-backed investment conference in Riyadh this week. Private sector investment and […] February 13, 2025
Transport Saudi homegrown Ceer to produce first EVs in 2026 Ceer, Saudi Arabia’s first electric vehicle manufacturer, plans to roll the first vehicle off its production line in late 2026, the company’s CEO Jim DeLuca said. It signed 11 deals worth SAR5.5 billion ($1.4 billion) at the Public Investment Fund (PIF) Public Sector Forum in Riyadh, 80 percent of which involved Saudi businesses. This is […] February 13, 2025
Manufacturing Ceer strikes $145m deal with Sabelt for EV sports seats Ceer, Saudi Arabia’s first electric vehicle (EV) brand, has struck a SAR543 million ($145 million) deal with Italy’s Sabelt to develop sports seats for its upcoming flagship E sedan and SUV models. The drivers will get the same seats as those in high-performance sports cars. Sabelt will create high-performance seats for Ceer, ensuring maximum protection, […] February 7, 2025
Exclusive Transport Tesla to enter Saudi Arabia within months Elon Musk’s Tesla is set to launch in Saudi Arabia this quarter, marking its entry into one of the world’s largest oil-producing nations as it continues expanding across the Gulf, sources familiar with the plans told AGBI. The US electric vehicle maker will open sales through pop-up stores and establish a showroom and service centre, […] January 16, 2025
Transport Lucid’s Jeddah factory targets new Middle East territories Lucid, the Saudi-owned electric vehicle manufacturer based in the US, is moving to full production at its Jeddah factory, with a target capacity of 150,000 cars a year within three years, its robotics provider, Rockwell Automation, said this week. “Currently it’s for domestic use but when the expanded plant is done, they will cover all […] November 7, 2024
Industry Saudi Arabia open to joint mining ventures with China Saudi Arabia is open to joint investments with Chinese mining companies, mineral resources minister Bandar Alkhorayef has said. The kingdom is seeking collaborations in processing and producing lithium used in electric vehicle (EV) batteries, as well as processing and refining copper, the state-run Saudi Press Agency reported. During a meeting with senior executives of General […] September 8, 2024
Transport Driverless cars for Saudi officials by next year Saudi Arabia has launched a project for driverless cars which could result in government agencies using them as early as next year. The government is installing smart communication devices along roadways that interact with autonomous vehicles, the official Saudi Press Agency said, announcing a new Saudi Road Code. “These devices provide real-time road condition data, […] August 16, 2024
Transport Saudi-backed Lucid EV makes more cars but lags target Saudi-backed US electric vehicle maker Lucid has increased Q2 production by 22 percent but still looks likely to miss its annual targets. Some 2,110 vehicles were produced, compared to 1,728 in the previous quarter. However, the company’s annual target is 9,000 units. The company also received a setback when the US National Highway Traffic Safety […] July 9, 2024
Mining Saudi Arabia targets Chile for lithium investments Saudi Arabia’s mining minister Bandar Alkhorayef will visit Chile next month to negotiate a deal to secure lithium to support the kingdom’s ambition to expand its electric vehicle (EV) sector, a news report said. Alkhorayef will meet with his counterpart in Santiago, Reuters reported, quoting a Chilean government statement. The report said the two officials will discuss […] June 18, 2024
