Sabic, a global leader in diversified chemicals, has announced the signing of a MoU with Ceer, Saudi Arabia’s first electric vehicle (EV) brand and original technology equipment, to explore the use of advanced materials in the design, development and manufacture of Ceer's electric vehicles. 

The MoU also aims to evaluate mutually beneficial commercial opportunities and define the terms of potential collaboration.

The signing ceremony at Sabic's headquarters in Riyadh was attended by its senior officials including CEO Dr. Faisal M. Alfaqeer and James DeLuca, Ceer CEO.

The MoU provides a framework for developing and innovating solutions and products through evaluating the possible use of Sabic's advanced materials in some Ceer's vehicle applications and jointly developing material and processing solutions that fulfill industry needs. 

It also aims to share knowledge and experience on sustainability and technology to support Ceer objectives in products development, and to explore potential strategic sourcing opportunities allowing building a local supply chain with global standards for the emerging local EV sector, as well as identify and pursue additional areas of mutually agreed collaboration, it stated.

On the strategic deal, Dr. Al Faqeer said: “The memorandum represents a strategic collaboration which leverages SABIC’s global expertise in advanced material solutions for the electric vehicle industry. Through this partnership, we aim to accelerate innovation, enhance local content and build an integrated national supply chain that enhances global competitiveness.”

“This collaboration also reflects our shared commitment to contribute to Saudi Vision 2030 and the National Industrial Strategy, empowering national talent, and strengthening Saudi Arabia’s position as a regional hub for future industries and technologies,” he stated.

Sabic's materials and solutions are contributing to the sustainable growth of the global automotive industry by enabling manufacturers to advance electric vehicle development and accelerate the transition to a sustainable, carbon-neutral future amid the industry's rapid transformation, he added.

DeLuca said the strategic collaboration with Sabic marks a significant step in Ceer’s journey toward designing, engineering and manufacturing a world-class electric vehicle right here in the Kingdom of Saudi Arabia.

“In order to develop next-generation electric vehicles with leading safety and efficiency performance, we are partnering with global prominent companies that share our commitment to innovation. By integrating Sabic’s materials and deep technical expertise into our vehicles, we are building a robust and reliable local supply chain while enhancing Ceer’s rule as a key player in the Kingdom’s transformation into sustainable advanced hub for mobility and technology, in alignment with the goals of Saudi Vision 2030,” he added.-TradeArabia News Service