Saudi Arabia releases first electric car line
Saudi Motors Company launched its first models of "ExoBot" electric cars, in cooperation with the Public Investment Fund, Foxconn, and with technologies from BMW. The models come in two categories: sedan and four-wheel drive. This step is part of a plan to introduce seven versions over the next five years, varying in sizes and drive systems to meet market needs. They are produced at the "Seer" industrial complex within King Abdullah Economic City. This announcement was made by Crown Prince Mohammed bin Salman, marking Saudi Arabia's official entry into the electric vehicle market.
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