SABIC and CEER Sign MoU to Explore EV Industry Collaboration in Saudi Arabia
Electric Vehicle News — Saudi Arabia
SABIC and CEER have signed a memorandum of understanding to explore opportunities for collaboration in applying SABIC's advanced materials and innovative solutions in the design, development, and manufacture of CEER's electric vehicles.
The agreement aims to evaluate strategic sourcing and local supply-chain opportunities while strengthening Saudi Arabia's emerging electric vehicle ecosystem in alignment with Saudi Vision 2030.
SABIC, a global leader in diversified chemicals, announced the signing of a Memorandum of Understanding (MoU) with CEER, Saudi Arabia’s first electric vehicle brand and original technology equipment manufacturer. The partnership will explore collaboration in applying SABIC’s advanced materials and innovative solutions in designing, developing, and manufacturing CEER’s electric vehicles.
The signing ceremony at SABIC’s headquarters in Riyadh was attended by Dr. Faisal M. Alfaqeer, SABIC CEO and Executive Board Member, and Mr. James DeLuca, CEER CEO.
MoU Scope
What does the SABIC–CEER agreement cover?
The MoU provides a framework for developing and innovating solutions and products by evaluating the possible use of SABIC’s advanced materials in selected CEER vehicle applications, as well as defining terms for potential long-term commercial collaboration.
- Evaluate SABIC advanced materials for selected applications in CEER electric vehicles.
- Jointly develop material and processing solutions that fulfill automotive industry requirements.
- Share knowledge and technical experience in sustainability and product development.
- Explore strategic sourcing opportunities to build a high-quality local supply chain.
- Pursue additional areas of mutually agreed collaboration across future projects.
SABIC Statement
Supporting innovation and local content
The memorandum represents a strategic collaboration which leverages SABIC’s global expertise in advanced material solutions for the electric vehicle industry. Through this partnership, we aim to accelerate innovation, enhance local content and build an integrated national supply chain that enhances global competitiveness. This collaboration also reflects our shared commitment to contribute to Saudi Vision 2030 and the National Industrial Strategy, empowering national talent, and strengthening Saudi Arabia’s position as a regional hub for future industries and technologies.
CEER Statement
Building a robust local supply chain
This strategic collaboration with SABIC marks a significant step in CEER’s journey toward designing, engineering and manufacturing a world-class electric vehicle right here in the Kingdom of Saudi Arabia. In order to develop next-generation electric vehicles with leading safety and efficiency performance, we are partnering with global prominent companies that share our commitment to innovation. By integrating SABIC’s materials and deep technical expertise into our vehicles, we are building a robust and reliable local supply chain while enhancing CEER’s role as a key player in the Kingdom’s transformation into sustainable advanced hub for mobility and technology, in alignment with the goals of Saudi Vision 2030.
Technical Expertise
Advanced materials for next-generation electric vehicles
SABIC’s materials and solutions are contributing to the sustainable growth of the global automotive industry by enabling manufacturers to advance electric vehicle development and accelerate the transition to a carbon-neutral future. SABIC has been a world-leading producer of advanced thermoplastics and engineering materials for decades.
In 2022, CEER and the National Industrial Development and Logistics Program (NIDLP) announced plans to accelerate global electrification efforts by supporting safe and scalable EV manufacturing with advanced thermoplastics, lightweight design expertise, and engineering capabilities.
CEER will continue leveraging these technical innovations to accelerate the growth of Saudi Arabia’s automotive sector, building a highly competitive and sustainable local EV ecosystem.
Company Overview
About CEER
CEER is the first Saudi automotive brand to produce electric vehicles in Saudi Arabia and will design, engineer, manufacture, and sell sedans and sports utility vehicles for consumers in Saudi Arabia and the MENA region. Part of PIF’s strategy to diversify Saudi Arabia’s GDP growth by investing in promising growth industries, CEER is projected to directly contribute US$8 billion to Saudi Arabia’s GDP, US$21 billion to trade balance improvement and create tens of thousands of direct and indirect jobs by 2034.
The company, a joint venture between PIF and Hon Hai Precision Industry Co. (“Foxconn”), is partnering with BMW to license component technologies. Foxconn will develop the electrical architecture of the vehicles, resulting in advanced infotainment, connectivity, and autonomous driving capabilities tested to global quality and safety standards.
Summary
Conclusion
The MoU provides SABIC and CEER with a structured path to evaluate advanced materials, sustainable manufacturing solutions, and strategic sourcing. The partnership plays a pivotal role in strengthening Saudi Arabia’s industrial capabilities and advancing its EV sector under Saudi Vision 2030.