{"id":94425,"date":"2025-02-16T00:00:00","date_gmt":"2025-02-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/ceer-signs-sar-5-5-bn-agreements-to-localize-ev-components\/"},"modified":"2025-02-16T00:00:00","modified_gmt":"2025-02-16T00:00:00","slug":"ceer-signs-sar-5-5-bn-agreements-to-localize-ev-components","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/16\/ceer-signs-sar-5-5-bn-agreements-to-localize-ev-components\/","title":{"rendered":"Ceer signs SAR 5.5 bn agreements to localize EV components"},"content":{"rendered":"

<\/strong>Homegrown<\/strong> electric vehicle brand <\/strong>Ceer<\/a><\/strong> signed 11 agreements worth SAR 5.5 bn at <\/strong>the PIF Public Sector Forum<\/strong> with mostly Saudi companies, as part of a localization strategy, the company said in a press release<\/a>. Details of each agreement, including value and timeline, were not disclosed.<\/p>\n

The details:<\/strong> Ceer will source heating, ventilation and air conditioning 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 under the agreements. 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 work on localizing the manufacturing of aluminum-forged parts in the Kingdom with global supplier CTR. <\/p>\n

What they said: <\/strong>\u201cBy working with local suppliers, we ensure access to high-quality components for Ceer vehicles while simultaneously fostering a sustainable automotive sector in Saudi Arabia,\u201d Ceer\u2019s CEO Jim DeLuca said.<\/p>\n

REMEMBER- <\/strong>Ceer is set to roll out its EVs in the Kingdom this<\/a>year<\/a>. The company awarded a SAR 5 bn construction contract for its plant to local contractor Modern Building Leaders in March 2024<\/a>, and partnered<\/a> with local EV infrastructure firm EVIQ in October to install and expand the country\u2019s EV charging infrastructure. Ceer is looking to source over 40% of its raw materials locally<\/a> during its initial stage of operations.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company aims to source over 40% of its raw materials locally<\/p>\n","protected":false},"author":1,"featured_media":94426,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2651],"tags":[2467,1408,10,218,3826],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-ceer","tag-enterpriseam-ksa","tag-evs","tag-infinity","wpautop","entry"],"acf":{"mongo_id":"1386233f-3d0a-48ea-a630-738f39feb744","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1370.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ceer signs SAR 5.5 bn agreements to localize EV components","related_issue":[94415],"teaser":"The company aims to source over 40% of its raw materials locally","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.fb3685ca-36a1-4daa-8a88-1eee028cb260.mp3"},"yoast_head":"\nCeer signs SAR 5.5 bn agreements to localize EV components - 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