Saudi Arabia launches national electric vehicle
Saudi company CEER, established by the kingdom’s sovereign wealth fund, has launched sedan and SUV versions under the Exobot brand. The new models are part of a broader lineup of vehicles to be launched over the next five years. The post Saudi Arabia launches national electric vehicle appeared first on ANBA News Agency .
Saudi Arabia has introduced its first electric vehicles from local manufacturer CEER, sold under the Exobot brand. These cars are available in sedan and SUV forms and are part of a seven-model lineup that will be released over the next five years, according to Saudi state news agency SPA. CEER's Manufacturing Complex, described as the largest automotive production facility in the Middle East and a top-tier technology hub, will produce these vehicles.
The sedan and SUV designs are inspired by the country's terrain, and they meet stringent global standards. Future models will include midsize and compact options with various powertrain choices to cater to diverse customer preferences. The company, established in 2022 by the Public Investment Fund (PIF), aims to contribute over SAR 30 billion (USD 8 billion) to Saudi Arabia's GDP by 2034.
Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, who serves as the prime minister and chairman of the PIF's Board of Directors, inaugurated the launch. This move aligns with the Saudi Vision 2030 strategy, which seeks to diversify the economy and bolster the industrial sector. The prince highlighted that CEER's debut vehicles signify progress towards establishing a sustainable and prosperous industrial ecosystem, bolstering the automotive sector as a catalyst for economic expansion.
Written by urgent.news from ANBA News Agency's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
