Ceer Motors – Saudi Arabia

This company is a start-up

Electric Car Manufacturers

Electric Car Manufacturer

DRIVING THE FUTURE

To create a sustainable National Automotive Company that will ignite the KSA automotive ecosystem and generate a new source of valuable jobs for Saudi Arabian talent.

  • Ceer is a joint venture between PIF and Foxconn
  • Ceer will license component technology from BMW
  • Ceer will design, manufacture and sell a portfolio of electric vehicles that will lead in the areas of infotainment, connectivity and autonomous driving technologies
  • Ceer will attract over US$150 million of foreign direct investment, and create up to 30,000 direct and indirect jobs; the company is projected to directly contribute US$8 billion to Saudi Arabia’s GDP by 2034
  • The establishment of the company is in line with PIF’s strategy to focus on unlocking the capabilities of promising sectors, including the automotive sector, in Saudi Arabia
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