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100% Positive
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#car#company#more#signed#billion#pif#contract#vehicle#nice#renders

Discussion (2 Comments)Read Original on HackerNews
No engineers. No designers. No NVH specialists. No surfacing modelers, no cnc machinists, nothing.
Hard to see this as anything other than hopium and vaporware, I would love for more nations to have real car companies that ship.
> Ceer is a joint venture between PIF and Taiwanese contract electronics manufacturer Foxconn. German automaker BMW is the component technology provider for vehicle development.
> In June 2024 the company signed an SAR8.2 billion contract with South Korea’s Hyundai Transys for the supply of EV drive systems, which will reduce size and weight while enhancing power efficiency.
> Interim CEO Marc Winterhoff of [majority] PIF-backed US carmaker Lucid Group said in January that full-scale vehicle manufacturing is expected to begin in Saudi Arabia this year, transitioning from assembly only at its facility near Jeddah.