 Logo | |
Native name | سير |
|---|---|
| Company type | Private |
| Industry | Automotive |
| Founded | 2 November 2022 |
| Founder | |
| Owner | Public Investment Fund |
| Website | ceermotors |
Ceer Motors is an electric vehicle brand in Saudi Arabia. [1] It is the first EV brand in Saudi and includes Sedans and Sports Utility Vehicles (SUV's) for the GCC region. [2] Ceer Motors plans to distribute in Middle Eastern markets by 2025. [3] [4] [5] The brand name Ceer, translates to the Arabic word for "drive forward". [6]
Ceer Motors was formed through a partnership between the Saudi Public Investment Fund (PIF) and the Taiwanese contract manufacturer Foxconn. [7] Saudi Arabia's sovereign wealth fund is projected to partner with Apple Inc. to build a $9 billion facility that manufactures microchips, electric-vehicle components and other electronics. [8] The joint venture is part of an effort to diversify the Kingdom's economy apart from being oil-dependent, in line with the Saudi Vision 2030. [9] [10] [11]
The company will license component technology from BMW to use in the electric vehicle development process. Foxconn will develop the electrical architecture of the products. [12]
In June 2024, a contract worth $2.2 billion was signed between Ceer and Hyundai Transis, through which the Korean company will supply Ceer vehicles with the integrated electric vehicle drive system (EDS). [13]
Ceer Motors is projected to contribute directly with over $150 million of foreign investment to the Kingdom and offer up to 30,000 direct and indirect job opportunities. [14] By 2034, Ceer Motors is expected to contribute $8 billion to Saudi Arabia's GDP. [15]
Tata Motors Limited is an Indian multinational automotive company, headquartered in Mumbai and part of the Tata Group. The company produces cars, trucks, vans, and buses.
Hon Hai Precision Industry Co. Ltd., trading as Hon Hai Technology Group in China and Taiwan, and known as Foxconn Technology Group internationally, is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng District, New Taipei City, Taiwan. In 2023, the company's annual revenue reached 6.16 trillion New Taiwan dollars and was ranked 20th in the 2023 Fortune Global 500. It is the world's largest contract manufacturer of electronics. While headquartered in Taiwan, the company earns the majority of its revenue from assets in China and is one of the largest employers worldwide. Terry Gou is the company founder and former chairman.
The Lordstown Complex is a factory building and automotive manufacturing plant in Lordstown, Ohio, U.S. Lordstown is an industrial suburb of Youngstown, Ohio.
The Petromin Corporation is a Saudi Arabian lubricants and automotive services company, operating in lubricant oils including manufacturer, industrial, and automotive oils and lubricants, car servicing, fuel retailing and car dealerships. The company is one of the "Major Leading Players" of the lubricating grease Industry.
The Public Investment Fund is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$925 billion. It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia. The wealth fund is controlled by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015.
Karma Automotive is a privately owned American luxury electric vehicle company founded in 2014 and now owned by Chinese conglomerate Wanxiang Group. Headquartered in Irvine, California with an assembly plant located in Moreno Valley, Karma sells vehicles via its dealer network of locations in North America, Europe, South America, and the Middle East.
Lucid Group, Inc. is an American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company is headquartered in Newark, California. In September 2021, the company began producing the Lucid Air sedan at its factory in Casa Grande, Arizona. The company expects to begin production of its second model, the Lucid Gravity SUV, in late 2024. Lucid also supplies and develops powertrain technology to other automakers, including Aston Martin.
Fisker Inc. is an American automotive company founded by Danish automotive designer Henrik Fisker and his wife Geeta Gupta-Fisker.
Workhorse Group Incorporated, originally AMP Electric Vehicles, is an original equipment manufacturer and technology company headquartered in Sharonville, Ohio, U.S. Workhorse makes commercial electric vehicles and telematics software designed for last-mile delivery. Their products include commercial electric vehicles and the Metron telematics software system.
Byton was a Chinese-German all-electric vehicle automotive brand established in 2017 and incorporated in Hong Kong, co-founded by former BMW and Nissan executives. Byton unveiled its first concept car to the public in January 2018. It planned to introduce its M-Byte SUV model first, with the start of production and sales scheduled for late 2019, however developmental delays and financial troubles repeatedly pushed back the launch.
The Red Sea Project, simply referred to as The Red Sea, is a tourism megaproject under construction in the Red Sea coast of Saudi Arabia. The project, which is developed by Public Investment Fund-owned Red Sea Global, forms part of the Saudi Vision 2030 program. The project was announced by the Saudi Crown Prince Mohammad bin Salman in July 2017.
Guangzhou Xiaopeng Motors Technology Co., Ltd., doing business as XPeng Motors, commonly known as XPeng, is a Chinese electric vehicle manufacturer. The company is headquartered in Guangzhou, Guangdong, with offices in Mountain View, California, United States and Munich, Germany. XPeng stock is publicly traded on the New York Stock Exchange and the Hong Kong Stock Exchange.
Nu Ride Inc. is an American electric vehicle automaker located in Lordstown, Ohio. The company was based at the Lordstown Assembly plant, previously a General Motors factory. Lordstown Motors was known for its Lordstown Endurance electric pickup truck. In March 2024, the company emerged from its September 2023 bankruptcy restructuring as Nu Ride Inc., headquartered in New York City.
The Lordstown Endurance is a full-size battery electric pickup truck with wheel hub motors manufactured by Lordstown Motors in collaboration with Foxconn at its Ohio factory. The Endurance entered limited production in September 2022 with plans to manufacture no more than 500 vehicles through June of 2023. It is the company's first production automobile.
The Mobility in Harmony Consortium is an organization led by Foxconn to operate the MIH Open EV Alliance, which promotes an eponymous electric vehicle development platform featuring open standards.
Foxtron Inc. or Foxtron Vehicle Technologies is a Taiwanese manufacturer of electric cars and buses based in Taipei, operating since 2020 as a joint venture between the technology company Foxconn and the car company Yulon.
The Indi One is a battery electric compact crossover SUV developed by Indi EV.
The Fisker Pear is a battery electric compact crossover SUV produced by American electric vehicle company Fisker Inc.
The Luxgen n7 is a 5- or 7-seat battery electric mid-size crossover SUV produced by the Taiwanese car company Luxgen, approximately the same size as the conventionally powered Luxgen URX.
The Foxtron Model B is a battery electric vehicle designed by Foxtron, a joint venture of Foxconn and Yulon Motor, using the same Foxtron MIH platform as the earlier Foxtron Model C sport utility vehicle. It was styled by Pininfarina. The prototype was unveiled in October 2022 and the production model was shown one year later.