Saudi Arabia’s crown prince Mohammed bin Salman has launched Ceer, the primary Saudi electrical automobile model, anticipated to be accessible in 2025, the state information company (SPA) reported on Thursday.
Ceer will appeal to over $150 million of international direct funding and is projected to immediately contribute $8 billion to the dominion’s GDP by 2034, SPA added.
The firm is a three way partnership between Saudi Public Investment Fund (PIF) and Hon Hai Precision Industry Co. (Foxconn), SPA mentioned.
