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CEER Signs 16 MoUs worth SAR 3.7 billion at PIF Private Sector Forum 2026, Targeting 45% Saudi Localization by 2034
EER, Saudi Arabia’s first electric vehicle (EV) brand and Original Equipment Manufacturer (OEM), announced a significant expansion of its domestic supply chain at the 4th PIF Private Sector Forum. The Saudi automotive company signed 16 commercial agreements valued at over SAR 3.7 billion, building on the SAR 5.5 billion of agreements announced at last year’s PSF. This latest wave of partnerships reinforces CEER's localization strategy, which targets sourcing 45% of vehicle ma
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