Could Saudi Arabia become a BEV producer?
- A joint venture has been established in Saudi Arabia between the Saudi sovereign wealth fund PIF (Public Investment Fund) and the supplier Foxconn from Taiwan. This is now to create a range of all-electric vehicles (BEV) under the new Ceer brand. Component licenses are also to be acquired from BMW for this purpose.
- No details of the models or production capacities were given, but it was announced that the Ceer models will be marketed in the Middle East/North Africa (MENA) region from 2025. The market for BEVs there is still in its early stages, but may grow rapidly, especially in the region's major cities. There are about 200 charging stations in Dubai and 2,000 in Abu Dhabi. There are currently no special incentives for BEV customers. However, some initiatives have been announced. In North Africa, Morocco plans to save about 23% energy in the transport and trafic sector by 2030. In Egypt, El Nasr Automotive Manufacturing Company wants to build up to 3,000 charging stations in collaboration with Chinese carmaker Dongfeng.
- Electronics carmaker Foxconn, best known for producing cell phones, has turned to electric vehicle production to diversify its product range. For example, the supplier has already partnered with Vietnamese carmaker VinFast and U.S. startup Fisker, as well as a strategic partnership with Stellantis. But its ambitions appear to go even further. For example, Foxconn has bought the GM pickup truck plant in Lordstown, Ohio, and will produce three BEV models under the Foxtron brand: the Model E sedan, the Model B crossover vehicle and the Model V pickup truck.
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