From oil powerhouse to electric car manufacturer: which country is launching into the automotive industry

Saudi Arabia has presented its first domestically manufactured electric vehicles through the brand Ceer, a joint venture established by the country's Public Investment Fund and Taiwanese technology company Foxconn. The nation has scheduled the official launch of vehicle sales for early 2027.

This initiative marks a strategic shift for the traditionally oil-dependent nation as it seeks to diversify its economy and enter the global electric vehicle manufacturing industry.