Posted on 11/03/2022 6:20:26 PM PDT by nickcarraway
“We are igniting a new industry and an ecosystem that attracts international and local investments and creates job opportunities for local talent,” the crown prince said
Saudi Arabia's Crown Prince Mohammed bin Salman on Thursday launched Ceer, the first Saudi electric vehicle brand.
Ceer is the first Saudi automotive brand to produce electric vehicles in the Kingdom, and will design, manufacture, and sell a range of vehicles including sedans and sports utility vehicles for consumers in Saudi Arabia and the Middle East and North Africa region, Saudi Press Agency reported.
The brand will contribute to Saudi Arabia’s automotive manufacturing sector and its launch is in line with the Saudi Public Investment Fund’s strategy focussing on unlocking the capabilities of sectors locally to help diversify the economy.
The company will also contribute to Saudi efforts toward reducing carbon emissions and driving sustainability to address the impact of climate change.
“Saudi Arabia is not just building a new automotive brand, we are igniting a new industry and an ecosystem that attracts international and local investments, creates job opportunities for local talent, enables the private sector, and contributes to increasing Saudi Arabia’s GDP over the next decade, as part of PIF’s strategy to drive economic growth in line with Vision 2030,” Prince Mohammed said.
Part of PIF’s strategy to diversify Saudi Arabia’s gross domestic product growth by investing in promising growth industries, Ceer will attract over US$150 million of foreign direct investment, and create up to 30,000 direct and indirect jobs.
Ceer is projected to directly contribute US$8 billion to Saudi Arabia’s GDP by 2034, SPA said.
The company, which is a joint venture between PIF and Foxconn, will license component technology from BMW for use in the vehicle development process.
Foxconn will develop the electrical architecture of the vehicles, resulting in a portfolio of products that will lead in the areas of infotainment, connectivity, and autonomous driving technologies.
Each vehicle will be tested to the highest global automotive quality control and safety standards. Ceer vehicles are scheduled to be available in 2025.
Saudis don’t eat their own dogfood?
Are the Saudis sitting on vast lithium, cobalt, and copper reserves?
Saudi Arabia makes its electricity from petrochemicals. What’s the sense in making an electric vehicle?
What happens when you run out of juice while traveling in the empty quarter? Just dry up and blow away?
No doubt the AWD system has a Sand Mode.
They own a lot of silicon dioxide. They should use it for frac sand.
Well, they do have a lot of open desert to establish solar and wind farms.
Point: Let them spend their money and effort trying to make it work. Leave me out.
From what I understand, it has the wrong particle size.
It’s a hedge.
Talk about VIRTUE SIGNALLING, the UAE only uses fossil fuels to make commercial electricity.
Which means their electric cars will still be running on gasoline, except it will be significantly less efficient than ICE cars because the petrol gets burned to produce electricity, then the electricity gets transmitted over electrical lines to the power outlets, then plugged into the car and converted into chemical energy, which waits for the owner to convert it into electrical energy with the accelerator pedal.
So there are at least two unnecessary conversion in the process, plus resistance losses over the power lines.
All so they can say their cars are “zero emissions.” Which is a lie from jump street, regardless where it’s spoken.
Beautiful. Low profile & nice drag coefficient. Maybe I send my resume.
Bet they pay well.👍
thought it was a BMW when i first saw the logo
Saudi Arabia’s Ceer is a joint venture between the country’s wealthy Investment Fund and Foxconn. The Taiwanese entity will make sure manufacturing goes smoothly, while BMW will supply the blueprints for car parts needed for sedans and SUVs.
Will Use Licensed BMW Components
Thanks for the information. I look forward to following their progress.
Does it look like a Trans Am?
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Never let it be said that the Saudi Royal Family does not have a sense of humor.
All true. But the liberal fools among us only look at the tailpipe - and 'emissions' aren't coming out of the tailpipe. The "John Kerry/Unicorn effect...
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