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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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Lucid Group, Saudi Arabia agree to 100,000 EV fleet deal

Teslarati

Lucid Group announced today that it had reached an agreement with the Government of Saudi Arabia to purchase up to 100,000 electric vehicles from the automaker over ten years. LucidMotors announces deal with Government of Saudi Arabia for purchase of up to 100,000 vehicles over a ten-year period.

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Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility

Teslarati

Lucid Group announced today that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility with an annual capacity of 155,000 units. billion in aggregate over the next 15 years to build the facility in Saudi Arabia, it said. Lucid Group will receive up to $3.4

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Saudi Arabia partners with Foxconn on new EV brand

Teslarati

Saudi Arabia’s Crown Prince Mohammad bin Salman bin Abdulaziz and Prime Minister/Chairman of the Public Investment Fund (PIF) announced the launch of Ceer, a new electric vehicle brand. Ceer will significantly contribute to Saudi’s automotive manufacturing sector. It aims to deliver the first Ceer EVs by 2025.

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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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Opinion: Oil Price War May Benefit both US Shale and Saudi Arabia

Green Car Congress

The US shale oil industry faces an implacable foe in the current crisis: Saudi Arabia. Saudi Arabia is uniquely positioned to withstand low oil prices given that inside sources say the country has nearly $800 billion in reserves to weather the storm.

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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

Green Car Congress

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.