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InsideEVs
InsideEVs
Business
Dan Mihalascu

Saudi Arabia Teams Up With Foxconn To Launch Its Own Ceer EV Brand

Foxconn Saudi Arabia BMW Public Investment Fund Mohammad bin Salman bin Abdulaziz Lucid Group PIF

Saudi Arabia may be Lucid Group's majority owner—with 61 percent of shares through its Public Investment Fund (PIF)—but the oil-rich country has bigger ambitions when it comes to electric vehicles.

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