Saudi Arabia is the world's largest oil-producing country, and local oil prices are quite low. However, in recent years, it has also made a major foray into the electric vehicle market, investing a large amount of capital to build a complete industrial chain. The introduction of the new energy market is not only a consideration for economic and social sustainable development, but also to seize the opportunity in this trillion-dollar industry. As the global automotive industry accelerates its transformation towards electrification, Saudi Arabia hopes to secure a place in the global market in the future by accelerating its layout.

According to the "Vision 2030" strategy, Saudi Arabia is investing billions of dollars in building infrastructure, promoting the research and development of advanced technologies, and localizing the electric vehicle supply chain. From investing in the US electric vehicle startup Lucid Motors to establishing the local brand Ceer, Saudi Arabia is striving to take a leading position in the transformation of the global automotive industry.

The Saudi government plans to electrify 30% of the cars in the capital Riyadh by 2030 and is making great efforts to create a complete electric vehicle ecosystem. (This article is from the official website of Seetao.com, www.seetao.com. No reprinting is allowed without permission. Otherwise, legal liability will be pursued. If reprinting, please indicate Seetao.com + the original text link.) Editor of the Strategic Column of Seetao.com / Yin Shiqian