Saudi startup Ceer unveils first electric vehicles

Saudi startup Ceer unveiled its first two electric vehicle models and plans to launch five more by 2030. The joint venture aims to build a viable domestic auto industry and reduce oil dependence.

Xurve View
Insights:
Ceer's Exobot sedan is presented during the Ceer World Premiere event at the company's manufacturing complex in King Abdullah Economic City, Saudi Arabia, September 21, 2026. REUTERS/Ibraheem Abu Mustafa

Saudi startup Ceer unveiled its first two fully electric vehicle models on Monday and announced plans to launch five additional vehicles by 2030. The launch supports Saudi Arabia's broader economic goal to establish a domestic automotive sector and reduce its reliance on oil revenues.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.