Mohammed bin Salman launches the first Saudi company to manufacture electric cars

Today, Thursday, Saudi Crown Prince Mohammed bin Salman launched the "Seer" company, which is the first brand for the manufacture of electric cars in Saudi Arabia.

Prince Mohammed bin Salman said that the new company will contribute to attracting local and international investments, and will create many job opportunities for local talent.

SIER is a joint venture between the Public Investment Fund and Foxconn, and BMW will provide licenses for electric vehicle components to the company.

Sir will design, manufacture and sell electric cars, and will manufacture technical systems with self-driving cars, and the company's cars are scheduled to be available for sale in 2025, according to the Saudi Press Agency.