Saudi PIF to Form JV with Foxconn to Make Ceer EV Business in Saudi Arabia
Posted on 11/05/2022
Saudi Crown Prince Mohammad bin Salman bin Abdulaziz is also the Chairman of Saudi Arabia’s Public Investment Fund (PIF). The crown price on November 4, 2022, announced the launch of Ceer, the first Saudi electric vehicle brand that will contribute to Saudi Arabia’s automotive manufacturing sector. The launch comes in line with PIF’s strategy to…
