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Saudi Arabia Launches First Electric Vehicle Company

Electric Cars Report

The Crown Prince of Saudi Arabia has launched Ceer, the first Saudi electric vehicle brand, as part of a push to diversify the economy of the oil rich country.

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Benchmark: Saudi Arabia is building an EV battery supply chain

Green Car Congress

Saudi Arabia has cut a number of deals recently that coud make the country’s lithiu-ion supply chain the most developed in the Middle East, according to an analysis by Benchmark Mineral Intelligence. The Saudi processing plant will process spodumene from a mine that European Lithium is developing in Wolfsberg, Austria.

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Saudi Arabia Pursues Lithium to Fuel EV Ambitions – ET Auto

Baua Electric

Saudi Arabia is focused on obtaining lithium from abroad for its electric vehicle (EV) ambitions, according to a senior minister. The kingdom, heavily reliant on oil for its economy, has invested billions to become a hub for EV manufacturing as part of Crown Prince Mohammed Bin Salman’s economic diversification efforts.

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Saudi Arabia partners with Foxconn on new EV brand

Teslarati

Ceer will significantly contribute to Saudi’s automotive manufacturing sector. According to the Wall Street Journal , the Saudi government’s joint venture with Foxconn is a coup to draw foreign companies into the country. The new EV brand is also projected to directly contribute US$8 billion to Saudi Arabia’s GDP by 2034.

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Aramco to explore hydrogen-powered vehicle business with Gaussin

Green Car Congress

The Saudi Arabian Oil Company (Aramco) signed five agreements with leading French companies, including an agreement to explore a hydrogen-powered vehicle business with Gaussin , a pioneer in clean and intelligent transport solutions.

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Saudi Arabia inaugurates first solar power plant

Green Car Congress

Saudi Arabia inaugurated its first solar power plant on 1 October as it continues to diversify its energy sources. The plant was constructed by the Saudi Electricity Company (SEC) and Showa Shell Sekiyu K.K., a Japanese energy company partly owned by the Saudi Arabian Oil Company.

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Gas War: U.S. Oil Companies Accused of Price Fixing With OPEC, Increasing Inflation

The Truth About Cars

shale oil firms purposefully colluded with the government of Saudi Arabia to fix oil prices between 2021 and 2023. The concern was that the companies were effectively creating a monopoly in what’s already a business sector composed largely of massive multi-national corporations. There were a lot of contributing businesses.

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