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Sabic and Seres develop EV supply chain

Sabic and Seres develop EV supply chain

SABIC, the chemicals company, signed a memorandum of understanding with SIR, the Saudi automotive brand, aimed at exploring opportunities for cooperation in the use of advanced materials in the design and manufacturing of electric vehicles. The memorandum seeks to develop innovative solutions and expand the local supply chain for the electric vehicle industry in the Kingdom, with a focus on enhancing local content, accelerating innovation, and supporting the goals of Saudi Arabia’s Vision 2030. This collaboration is expected to contribute to building a efficient and safe electric vehicle industry and to achieving sustainable transformations in the transportation sector within the Kingdom.

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