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Ceer inks 11 supply partnership agreements worth SAR bns: Saudi Arabia’s first electric vehicle brand Ceer has signed 11 agreements worth SAR 5.5 bn (USD 1.5 bn) at the PIF Public Sector Forum with mostly Saudi companies as part of a localization strategy, according to a press release from Wednesday.
What we know: Ceer will source HVAC systems from Zamil Central Air Conditioners, plastic injected parts from Zamil Plastic Industrial Company, and alloy wheels from Obeikan Glass Company and Abdul Latif Jameel Enterprises. Other supply agreements include portable EV chargers from Saudi Company for Controls and Maintenance, blow parts from Arabian Plastic Industrial, small stampings from First Telecom Industries, and aluminum casting from Saudi Aluminum Casting Company. Ceer will also localize aluminum forged parts with CTR.
A push for localization: Ceer is hoping to design, engineer, manufacture, and sell some of Saudi Arabia’s first EVs by 2026, and it awarded a SAR 5 bn (USD 1.3 bn) construction contract for its plant to local contractor Modern Building Leaders. The company partnered with Saudi EV infrastructure firm EVIQ last October to install and expand the country’s EV charging infrastructure. Ceer is looking to source over 40% of its raw materials locally during its initial stage of operations.
Other partnerships in play: Strategic partners include Foxconn, BMW, Siemens, Rimac, Hyundai Transys, Sabelt, King Salman Automotive Cluster, Schuler, and Dürr, while partnerships targeting localization were signed with Lear, Forvia, Shinyoung, Benteler, JVIS, and Pirelli.
EV CHARGING UPDATES FROM SAUDI-
Eviq + Riyadh Development to expand EV charging network in Saudi: The Electric Vehicle Infrastructure Company (Eviq) — a JV between the PIF and Saudi Electric Company — has inked an MoU with Riyadh Development Company to develop EV charging stations across the latter’s properties in Riyadh, according to a statement released on Thursday. Eviq — which opened its first fast EV charging stations in Riyadh last year — plans to set up over 5k fast chargers in some 1k locations across Saudi cities by 2030.
