iPhone assembler Foxconn to build EVs for Saudi Arabia partners · TechNode - TechNode

Taiwanese declaration shaper Foxconn is partnering with Saudi Arabia’s sovereign wealthiness money to jointly marque electrical vehicles with plans to statesman selling their archetypal user car exemplary successful 2025. The EV brand, called Ceer, volition beryllium the archetypal 1 of its benignant successful Saudi Arabia, targeting consumers some successful the state itself and besides from the wider Middle East and North Africa region, the Public Investment Fund told Reuters. In February, Apple’s manufacturing spouse formed an confederation with Thailand’s vigor radical PTT with plans to acceptable up a accumulation installation with an yearly capableness of 50,000 vehicles and statesman car accumulation successful 2024. [Reuters]