## Saudi Arabia wants a car industry, launches Ceer with two EVs The new carmaker is a joint venture between the Saudi PIF and Foxconn. KING ABDULLAH ECONOMIC CITY, Saudi Arabia—It may come as a surprise to some, but Saudi Arabia has never had a domestic automaker. That changes with Ceer. A joint venture between the country’s Public Investment Fund and Foxconn, it’s the Kingdom’s first home-grown automaker and a significant part of Saudi Arabia’s Vision 2030 plan to diversify its economy away from oil production and bring technological innovation locally by the end of the decade. Ceer in…