On June 17, multiple sources reported that the Saudi Standards, Metrology and Quality Organization (SASO) announced a temporary ban on the import of new light vehicles from 29 car OEMs in Saudi Arabia. The decision was taken to enforce the Saudi fuel economy standard for light vehicles, known as the Saudi Arabia Corp

On June 12, multiple sources reported that the Ministry of Interior of Saudi Arabia introduced traffic regulations related to self-driving and autonomous vehicles. The new provisions establish clear responsibilities for vehicle owners and operators, while adapting existing traffic laws to accommodate vehicles capable

On February 11, TASARU Supplier Hub announced a partnership with five global Tier-1 suppliers to localize manufacturing operations in Saudi Arabia.  TASARU Supplier Hub was developed and launched by TASARU Mobility Investments. TASARU is a PIF Company.
Shin Young, a South Korean supplier specializing in metal stampin

On February 5, TASARU Mobility Investments, “TASARU”, a PIF Company, launched TASARU Supplier Hub, an automotive supplier complex. TASARU Supplier Hub is strategically located in King Salman Automotive Cluster within the Special Economic Zone in King Abdullah Economic City (KAEC), designed to support the development

On January 13, multiple sources reported that the Minister of Industry and Mineral Resources, Saudi Arabia, met with the founder and chairman of the board of directors of BYD. They discussed joint opportunities in car manufacturing and localization of the automotive industry in the Kingdom.
Based on multiple sources

On November 19, the United States and Saudi Arabia agreed to intensify their engagement on trade issues of mutual interest, including in areas related to reducing non-tariff barriers, recognition of standards, and improving the investment environment. 
The United States and Saudi Arabia recently signed an agreement t

On September 28, multiple sources reported that the Minister of Industry and Mineral Resources, Saudi Arabia, during his visit to Shanghai, met with the officials of Minth Group to discuss cooperation in automotive supply chain development. They also discussed industrial cooperation and transferring technologies for

On August 29, the Minister of Investment, Saudi Arabia, in a social media post, announced that he met with the Chairman of Chery Automobile, who shared the company's strategies for global expansion and the smart technologies it employs. The Minister also toured their factory and R&D centre.
The minister also visited 

On July 23, the General Transport Authority of Saudi Arabia launched the initial implementation phase of autonomous vehicles in Riyadh, the capital. This is a qualitative step aimed at empowering technology and expanding the implementation and development of a smart and safe system for the Kingdom's transport sector.

On June 19, BAIC Foton announced that its subsidiary Foton International Trade has signed a four-party memorandum with the Saudi Ministry of Investment, the Saudi National Industrial Development Center, and Petromin, a well-known Saudi company, to jointly build a localized commercial vehicle manufacturing plant in Sa

On May 5, Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in Saudi Arabia, along with Toyota Motor Corporation, participated in the second hydrogen fuel cell bus trial across Makkah, led by the Royal Commission for Makkah City and Holy Sites and the Ministry of Energy, Saudi Arabia.
Abdul Lat

On February 7, the Public Investment Fund (PIF) announced “King Salman Automotive Cluster" as the official name of the cluster for automotive manufacturing activities, located within King Abdullah Economic City (KAEC).
It will play a key role in Saudi Arabia’s economic diversification, boosting the automotive sector

On February 3, multiple sources reported that the Saudi Minister of Industry and Mineral Resources met with the senior Indian ministers and heads of major Indian companies in New Delhi. He discussed about investment partnership between Saudi Arabia and India. 
Saudi Arabia is working towards localization of the autom

On January 7, the Ministry of Industry and Mineral Resources, Saudi Arabia, in a social media post, announced that Lucid Motors has joined the "Made in Saudi" program. This follows the launch of its first international manufacturing plant in Saudi Arabia in September, 2023.
Multiple sources reported that Lucid is the

On October 24, the Transport General Authority (TGA), Abdullah Hashim Industrial Gases & Equipment (AHG), Abdul Latif Jameel Motors and Toyota Motor Corporation (TMC) announced the launch of a seven-day trial for the Toyota Mirai, an advanced hydrogen-powered fuel cell electric vehicle (FCEV), as part of a taxi fleet

On September 7, multiple sources reported that the Minister of Industry and Mineral Resources, Saudi Arabia met with officials from Foton Motor. They discussed strategies to improve collaboration in vehicle manufacturing and boost the local production of buses, trucks, and light-duty vehicles within Saudi Arabia. He

On September 6, multiple sources reported that Saudi Industry and Mineral Resources met with several Chinese lithium and copper mining companies. He discussed the processing and production of lithium, which is used in electric vehicle batteries, and the processing and refining of copper. He also discussed Saudi Arabi

On August 31, multiple sources reported that the Minister of Industry and Mineral Resources, Saudi Arabia will start a tour of China and Singapore from September 1 to 8, 2024.
He will meet with senior government officials and leading global companies in the automotive, automation, and technology solution sectors, and

On August 15, the General Authority of Roads in Saudi Arabia introduced the Saudi Road Code, which sets clear standards for smart infrastructure to support self-driving vehicles.
The Road Code sets standards for installing smart communication devices on both sides of the road that interact with vehicles through an ad

On August 5, Lucid Group, Inc. announced that the Public Investment Fund (PIF) committed USD 1.5 billion to the group. Ayar Third Investment Company, an affiliate of PIF, will purchase USD 750 million of convertible preferred stock via private placement, and provide for a USD 750 million unsecured delayed draw term l