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Saudi Arabia launches first EV brand.

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By lapaasindia
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  • Saudi Arabia’s Crown Prince Mohammed bin Salman announced the start of Ceer, a joint venture between Foxconn and the country’s first electric car manufacturer.
  • According to Foxconn, Ceer is anticipated to increase Saudi Arabia’s GDP by $8 billion by 2034.
  • It aspires to bring $150 million in foreign direct investment and 30,000 new employment to the nation.

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