SABIC and CEER Sign MoU to Explore Opportunities in Saudi Arabia’s Electric Vehicle Sector - Business Today Middle East
SABICannounced in a press release yesterday that it has signed a memorandum of understanding (MoU) withCEERto explore potential collaboration opportunities involving SABIC’s advanced materials and innovative. . .
SABICannounced in a press release yesterday that it has signed a memorandum of understanding (MoU) withCEERto explore potential collaboration opportunities involving SABIC’s advanced materials and innovative solutions for the design, development, and manufacturing of CEER’s electric vehicles. The agreement also seeks to assess mutually beneficial commercial opportunities and establish the framework for future cooperation. The MoU signing ceremony, held at SABIC’s headquarters in Riyadh, was attended bySABIC CEO and Executive Board Member Dr. Faisal AlfaqeerandCEER CEO James DeLuca. According to the release, the agreement establishes a framework for jointly developing innovative solutions and products by evaluating the potential application of SABIC’s advanced materials across CEER’s vehicle platforms. It also includes collaboration on material and processing solutions designed to address industry requirements, as well as knowledge sharing in sustainability and technology to support CEER’s product development goals. The partnership will further explore strategic sourcing opportunities aimed at developing a locally integrated supply chain that meets global standards for Saudi Arabia’s emerging electric vehicle sector. It will also identify additional areas of collaboration that can deliver mutual value for both companies. Commenting on the agreement, Alfaqeer said the MoU represents a strategic partnership that leverages SABIC’s global expertise in advanced material solutions for the electric vehicle industry. He highlighted that the collaboration will help accelerate innovation, increase local content, and support the development of an integrated national supply chain, while contributing to the objectives of Saudi Vision 2030 and the National Industrial Strategy. He added that the partnership will support the growth of local talent and strengthen Saudi Arabia’s role as a regional hub for future industries and technologies. DeLuca stated that the collaboration marks an important milestone in CEER’s efforts to design, engineer, and manufacture world-class electric vehicles in Saudi Arabia. He noted that working with leading global companies such as SABIC will enable CEER to develop next-generation EVs with enhanced safety and efficiency. By incorporating SABIC’s advanced materials and technical expertise, CEER aims to establish a strong local supply chain and reinforce its contribution to Saudi Arabia’s transformation into a sustainable center for mobility and technology in line with Vision 2030 goals. SABIC’s materials and solutions continue to support the sustainable advancement of the global automotive sector by helping manufacturers accelerate electric vehicle innovation and contribute to the transition toward a more sustainable, carbon-neutral future.