Global wafer foundry industry analysis and forecast, 2022

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Foxconn co-founds EV brand in Saudi Arabia

Yusin Hu, DIGITIMES Asia, Taipei Friday 4 November 2022 0

Saudi Arabia Crown Prince Mohammed bin Salman; credit: AFP

Foxconn announced on Nov. 3 that it will be manufacturing EVs in Saudi Arabia under a new EV brand Ceer, which will be the first locally produced automobile brand in the country, according to Foxconn.

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