Company Insights Ceer Motors Transport Ceer Motors News 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 Tech Ceer signs $2.2bn deal with Hyundai to power its EVs Ceer, Saudi Arabia’s first electric vehicle brand, will use technology from South Korea’s Hyundai to power its cars, as the kingdom continues to ramp up its presence in the EV market. The Saudi EV maker has signed a SAR8.2 billion ($2.2 billion) contract with Hyundai Transys to supply EV drive systems (EDS). The integrated EDS […] June 12, 2024 Transport Saudi deal with Lucid powers up EV charging network US electric vehicle manufacturer Lucid has partnered with a Saudi government entity to create a much-needed network of charging hubs around the Gulf state. There were less than 1,000 electric cars on the roads in Saudi Arabia in 2023. Saudi-backed Lucid signed an agreement on May 29 with the Electric Vehicle Infrastructure Company (EVIQ), which […] May 30, 2024 Analysis Trade Diplomacy and trade to fore as China woos GCC leaders It’s quite a coup. Hu Jintao (still with us) must be feeling vindicated. The heads of four Arab states are in Beijing to attend the China-Arab States Cooperation Forum, which Hu founded in 2004 to bring together China and the Arab League. Xi Jinping, Hu’s successor as leader of the Chinese Communist Party (CCP), will […] May 28, 2024 Manufacturing EV imports rise in Saudi Arabia, but only to 779 cars Saudi imports of electric vehicles rose sharply in 2023 – but to a total of just 779 EVs, despite government hopes that it can become a green economy leader through the manufacture and use of electric cars. The kingdom imported only 210 EVs in 2022, showing the mountain it has to climb to realise ambitions […] April 16, 2024 Analysis Renewable Energy Lithium’s highs and lows – and what they mean for the Gulf For one of the world’s most critical minerals, the past two years have been the best of times and the worst of times. First, lithium prices shot skywards, hitting around $80,000 per metric tonne in 2022 amid fears that global supply would not meet demand. Then, in just a year, the soft, silvery-white metal lost […] April 12, 2024 Industry Ceer starts work on $1.3bn EV manufacturing complex Ceer, Saudi Arabia’s first electric vehicle brand, has awarded a SAR5 billion ($1.3 billion) contract to construct a manufacturing complex in King Abdullah Economic City. Local contractor Modern Building Leaders will build a facility spanning over one million sq m, with 530,000 sq m under its roof. The complex will include dedicated zones for every […] March 10, 2024 Analysis Manufacturing Saudi Arabia joins the dots from minerals to manufacturing Consider for a moment how many different steps there are between digging a lump of iron ore out of the ground in Mauritania and pressing the starter button on a new electric vehicle (EV) in Riyadh. The ore must be mined, concentrated, combined with other elements, put through a furnace, a casting machine, cold- or […] February 13, 2024 Manufacturing Cobalt refinery to support Saudi EV ambitions A European mining company has announced plans to develop a refinery in Saudi Arabia to process cobalt hydroxide into cobalt sulphate, which is used in electric vehicle (EV) batteries. Luxembourg-based Eurasian Resources Group (ERG) said the project aims to strengthen its position as a strategic supplier to the chemicals sector, particularly in batteries for EVs. […] January 16, 2024 Video length: 05:39 VIDEO Finance Sovereign wealth funds: the Gulf’s biggest power players Did you know that the world’s first sovereign wealth fund was set up in the GCC? Kuwait Investment Authority was established in 1953, eight years before the country’s independence, to invest surplus oil revenues. Now every GCC country has a sovereign wealth fund responsible for financial returns and national economic development. “Today there are over […] January 12, 2024 Posts navigation Previous 1 2 3 … 5 Next
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
Tech Ceer signs $2.2bn deal with Hyundai to power its EVs Ceer, Saudi Arabia’s first electric vehicle brand, will use technology from South Korea’s Hyundai to power its cars, as the kingdom continues to ramp up its presence in the EV market. The Saudi EV maker has signed a SAR8.2 billion ($2.2 billion) contract with Hyundai Transys to supply EV drive systems (EDS). The integrated EDS […] June 12, 2024
Transport Saudi deal with Lucid powers up EV charging network US electric vehicle manufacturer Lucid has partnered with a Saudi government entity to create a much-needed network of charging hubs around the Gulf state. There were less than 1,000 electric cars on the roads in Saudi Arabia in 2023. Saudi-backed Lucid signed an agreement on May 29 with the Electric Vehicle Infrastructure Company (EVIQ), which […] May 30, 2024
Analysis Trade Diplomacy and trade to fore as China woos GCC leaders It’s quite a coup. Hu Jintao (still with us) must be feeling vindicated. The heads of four Arab states are in Beijing to attend the China-Arab States Cooperation Forum, which Hu founded in 2004 to bring together China and the Arab League. Xi Jinping, Hu’s successor as leader of the Chinese Communist Party (CCP), will […] May 28, 2024
Manufacturing EV imports rise in Saudi Arabia, but only to 779 cars Saudi imports of electric vehicles rose sharply in 2023 – but to a total of just 779 EVs, despite government hopes that it can become a green economy leader through the manufacture and use of electric cars. The kingdom imported only 210 EVs in 2022, showing the mountain it has to climb to realise ambitions […] April 16, 2024
Analysis Renewable Energy Lithium’s highs and lows – and what they mean for the Gulf For one of the world’s most critical minerals, the past two years have been the best of times and the worst of times. First, lithium prices shot skywards, hitting around $80,000 per metric tonne in 2022 amid fears that global supply would not meet demand. Then, in just a year, the soft, silvery-white metal lost […] April 12, 2024
Industry Ceer starts work on $1.3bn EV manufacturing complex Ceer, Saudi Arabia’s first electric vehicle brand, has awarded a SAR5 billion ($1.3 billion) contract to construct a manufacturing complex in King Abdullah Economic City. Local contractor Modern Building Leaders will build a facility spanning over one million sq m, with 530,000 sq m under its roof. The complex will include dedicated zones for every […] March 10, 2024
Analysis Manufacturing Saudi Arabia joins the dots from minerals to manufacturing Consider for a moment how many different steps there are between digging a lump of iron ore out of the ground in Mauritania and pressing the starter button on a new electric vehicle (EV) in Riyadh. The ore must be mined, concentrated, combined with other elements, put through a furnace, a casting machine, cold- or […] February 13, 2024
Manufacturing Cobalt refinery to support Saudi EV ambitions A European mining company has announced plans to develop a refinery in Saudi Arabia to process cobalt hydroxide into cobalt sulphate, which is used in electric vehicle (EV) batteries. Luxembourg-based Eurasian Resources Group (ERG) said the project aims to strengthen its position as a strategic supplier to the chemicals sector, particularly in batteries for EVs. […] January 16, 2024
Video length: 05:39 VIDEO Finance Sovereign wealth funds: the Gulf’s biggest power players Did you know that the world’s first sovereign wealth fund was set up in the GCC? Kuwait Investment Authority was established in 1953, eight years before the country’s independence, to invest surplus oil revenues. Now every GCC country has a sovereign wealth fund responsible for financial returns and national economic development. “Today there are over […] January 12, 2024
