Ceer Motors: PIF-Foxconn Saudi EV factory and market reality

Tue, 26 May 2026 00:00:00 +0000

Ceer Motors is Saudi Arabia’s first electric vehicle brand and original equipment manufacturer, launched in 2022 as a joint venture between the Public Investment Fund and Hon Hai Precision Industry Co., better known as Foxconn. The company is intended to design, manufacture, and sell electric sedans and SUVs for Saudi Arabia and the MENA region, using BMW-licensed component technology and Foxconn electrical architecture [S1]. The confirmed factory asset is the Ceer Electric Vehicle Manufacturing Complex in King Abdullah Economic City, where PIF says Ceer awarded a SAR 5 billion construction contract to Modern Building Leaders for a site of more than 1 million square meters with 530,000 square meters under roof [S2]. The current public target is vehicle production in the fourth quarter of 2026 [S4], [S5].

Ev on SAUDI VISION 2030 Intelligence Platform

Ceer Motors: PIF-Foxconn Saudi EV factory and market reality