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04 Nov
08:10

Saudi Arabia, Foxconn form EV JV Ceer

Saudi Arabia's Public Investment Fund (PIF) has launched a joint venture with Taiwanese manufacturer Foxconn (Hon Hai Precision Industry). The JV is named Ceer and is "the first Saudi electric vehicle brand that will contribute to Saudi Arabia’s automotive manufacturing sector." According PIF's announcement on 3 November, Ceer will be mainly targeting Saudi Arabia and the rest of the Middle East as well as the Western Asia (MENA/WANA) regio…
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