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ELECTRIC VEHICLE

PIF, Hyundai to build $500m high-tech car manufacturing plant in Saudi Arabia

In a groundbreaking development aimed at transforming Saudi Arabia’s automotive landscape, the Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have officially signed a joint venture agreement to establish […]

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PIF announces new investment company to boost Saudi car industry

A new investment company tasked with developing local supply chain capabilities for the automotive and mobility industry in Saudi Arabia has been announced by the Kingdom’s Public Investment Fund. Tasaru

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Saudi’s PIF & SEC launch Electric Vehicle Infrastructure Company

The Public Investment Fund (PIF) of Saudi Arabia and the Saudi Electricity Company (SEC) have launched the Electric Vehicle Infrastructure Company. PIF will own a 75 percent stake in the

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Lucid opens Saudi Arabia’s first car production facility

Electric carmaker Lucid Group has inaugurated the first-ever car production facility in Saudi Arabia’s port city of Jeddah. The facility, which is the automaker’s second Advanced Manufacturing Plant (AMP-2) and first international

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Saudi Arabia grants industrial licence to local EV brand Ceer

Saudi Arabia’s Ministry of Industry and Mineral Resources has granted an industrial license to Ceer, the first local electric vehicle (EV) brand. The EV manufacturing facility will cover an area

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