Saudi Arabia Invests in Top Technology for Its Electric Vehicles

Saudi Arabia may have plenty of oil, but its leaders keep a clear vision when it comes to mobility of tomorrow.

Having just absorbed the American wave and the Chinese surge, Europe can already prepare for the next tide coming from the Middle East. We present to you Ceer, the first electric vehicle brand from Saudi Arabia. It is a joint venture between the Public Investment Fund (PIF) and Hon Hai Precision Industry Co. (Foxconn). The young and ambitious company, as you can imagine, has nearly unlimited means to develop an electric car capable of competing with the best global productions. And Saudis dislike waiting, so speed is of the essence. To make giant strides with unlimited resources, the best solution is to acquire what is best on the market. Ceer has therefore signed a partnership with Rimac Technology for the supply of high-performance, fully integrated electric propulsion systems for its upcoming flagship EV range.

Rimac is an ideal choice for Ceer because the Croatian-based manufacturer does not sell to just anyone. Especially not at any price. The brand is well known for its breathtaking electric supercar, the Rimac Nevera, but it also supplies its powertrain modules to the most demanding automakers. Besides the sister cars of Bugatti, Rimac technology can be found in the Pininfarina Battista, the Aston Martin Valkyrie, and the Koenigsegg Regera. Earlier this year, Rimac also signed a long-term collaboration agreement with BMW to supply high-voltage battery systems.

Following the Lucid manufacturer in which Saudi Arabia has heavily invested, this new step in Ceer’s development clearly illustrates the ambitious aspirations of the oil-rich nation. Funding a 100% electric industry through fossil fuel sales is quite a statement.

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