Saudi's Ceer unveils first EVs in bid to build regional auto powerhouse https://t.co/PL5TEFYaFL https://t.co/PL5TEFYaFL

By: ReutersTech

Published: 2026-09-22T18:21:27.541147Z

Last Updated: 2026-09-22T19:12:00.706759Z

Category: Money

The launch marks a major step for the country’s newest automotive brand and its broader effort to build an electric-vehicle industry from the ground up.

• Ceer, backed by Saudi Arabia’s Public Investment Fund, is developing vehicles designed for consumers in the kingdom and across the Middle East.

• The company’s first models are expected to combine modern technology with features tailored to regional driving conditions and preferences.

• Ceer is working with international partners to develop and manufacture its vehicles, while seeking to establish local supply chains and create skilled jobs.

• The initiative supports Saudi Arabia’s Vision 2030 strategy, which aims to diversify the economy beyond oil and attract investment in advanced industries.

• The launch also intensifies competition in a region where electric-vehicle adoption is growing, although charging infrastructure and consumer demand remain key challenges.

Ceer’s progress will be closely watched as Saudi Arabia seeks to turn its financial strength into a durable manufacturing base and position itself as a hub for clean transportation.