Foxconn And Saudi Arabia Are Teaming Up To Make Electric Vehicles | iPhone maker Foxconn and Saudi 

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Saudi Arabia’s sovereign wealth fund has formed a joint venture with Foxconn to develop and sell electric vehicles in an effort to diversify the economy as part of the Vision 2030 initiative. Ceer, a new corporation formed by Saudi Arabia, will develop, manufacture, and sell electric vehicles using BMW's component technology.
Foxconn, the Taiwanese manufacturing firm that manufactures Apple iPhones, will construct the electrical architecture of the cars as part of a portfolio of products that will include infotainment, connectivity, and autonomous driving technologies. The cars will be available from the Ceer brand in 2025.
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