The State Investment Fund of Saudi Arabia has established a company named Ceer, which is expected to nationalize electric car production in the country based on Foxconn platforms and select BMW technologies.
The founders of the company claim that their ambition stretches farther than just launching the first EV assembly site in Saudi Arabia. Their ultimate goal is to create a whole ecosystem destined to diversify the economy of the state and attract investors. Specifically, Ceer expects to receive around $150 million in investments and keep up to 30,000 workers occupied with the production.
Taiwanese tech giant Foxconn has already agreed to supply its proprietary car platform tech to Ceer. Primarily known as the leading industrial partner of Apple, Foxconn has recently launched its own electric car brand, Foxtron, so it should be familiar with the industry. Its first production car, a compact crossover hatchback named the Model B, was co-designed with Pininfarina – you can find some images of it in the gallery below.
The automaker also plans to use certain BMW tech, but the details remain to be revealed.
According to the startup, the first cars scheduled for production are sedans and crossover SUVs packed with modern self-driving tech and media equipment enabling the use of numerous online services.
