Ceer Signs SAR 8.2 billion (USD 2.18 billion) Contract for the Supply of Hyundai Transys’ Advanced Electric Vehicle Drive Systems

Arabian Drive - Ceer, Saudi Arabia’s first electric vehicle (EV) brand and original equipment manufacturer (OEM) has signed a SAR 8.2 billion (USD 2.18 billion) partnership with Hyundai Transys for the supply of innovative Electric Vehicle Drive Systems (EDS) for its vehicles.

“This landmark partnership is another step forward in our mission to ignite the Saudi automotive sector. In this journey, we are delighted to partner with Hyundai Transys, who join our list of globally leading pa ...