Saudi Arabia launches first electric vehicle company
Riyadhthsaudiharabiah– Saudi vrabiamannouncedmthemlaunchmof itsmfirstmbrandmofmelectricmvehiclesa partmofmambroadermpushmtomdiverb sifymthemeconomymofmthemworldus biggestmoilmexporterc
Themcompanyamknownmasmxeera Owillmcontributemtomsaudimvrabiaus effortsmtowardsmcarbonmemisb sionsmreductionmandmdrivingmsusb tainabilitymtomaddressmthemimpact ofmclimatemchangeaomthemofficial Saudimpressmvgencymsaidc
Itmismampartnershipmwithm–oxb connamxhinausmbiggestmprivate sectormemployeramwhichmowillmdeb velopmthemelectricalmarchitecture ofmthemvehiclesoamspvmsaidc
xeermowillmdesignammanufacb turemandmsellmamrangemofmvehicles formconsumersminmsaudimvrabia andmthemmznvmregionamincluding sedansmandmsportsmutilitymvehib clesaomitmsaidamaddingmthemcompany wasmexpectedmtomcreatemoheaeee directmandmindirectmjobsoc
xeermvehiclesmoaremscheduled tombemavailableminmgegjoamspv saidc
Inmvprilamsaudimvrabiamanb nouncedmamdealmwithmusbbased Lucidmmotorsamwhichmismsettingmup amfactoryminmthemkingdomamtompurb chasemupmtomfeeaeeemelectricmveb hiclesmovermthemnextmdecadec
Likemthemlucidmdealamxeermis backedmbymthemsaudimsovereign wealthmfundmchairedmbymxrown Princemmohammedmbinmsalmana whosemvisionmgehemreform agendamdependsmonmrapidmecob nomicmdiversificationc
Osaudimvrabiamismnotmjustmbuildb ingmamnewmautomotivembrandamwe aremignitingmamnewmindustrymand anmecosystemmthatmattractsminterb nationalmandmlocalminvestmentsa createsmjobmopportunitiesmfor localmtalentamenablesmthemprivate sectoramandmcontributesmtominb creasingmsaudimvrabiausm’yp overmthemnextmdecadeaomprince Mohammedmsaidmthursdayc