Rimac Technology to Supply Electric Drive Systems to Saudi Arabia's CEER

Ceer, Saudi Arabia's first electric vehicle (EV) brand, has signed a partnership with Rimac Technology for the supply of high-performance, fully integrated Electric Drive Systems (EDS) for its upcoming flagship range of EVs. CEER is a a joint venture between Saudi Arabia's Public Investment Fund (PIF) and Hon Hai Precision Industry Co. (Foxconn).

The venture with Ceer, Rimac's first partnership in the GCC, represents a substantial scaling up of Rimac Technology products, focused on its electric powertrain systems and software portfolio. 

This partnership with Ceer signifies a further evolution of the Rimac Technology business from limited-volume, high-performance applications – including the Rimac Nevera, Pininfarina Battista, Aston Martin Valkyrie and Koenigsegg Regera – to large-scale projects.

The two partners will release more details about the partnership and its scope at a later stage. 

Earlier in 2024, Rimac Technology revealed a long-term collaboration with the BMW Group to supply high-voltage battery systems to its passenger cars and has signed multiple agreements for mid-to-large volume European OEM projects.

James DeLuca, Ceer CEO, says: "Rimac's global reputation and know-how in designing leading edge performance powertrain systems aligns perfectly with our strategic objectives of partnering with global industry leaders as we fulfill our commitment to delivering world-class, high performance electric vehicles and revolutionize the automotive industry in Saudi Arabia."

Mate Rimac, founder of the Rimac Group, adds: "This year alone we've announced several key partnerships, including with the BMW Group and Ceer, which will result in the production of tens of thousands of electric drive systems and battery systems for leading OEMs worldwide. With more exciting projects in the pipeline, we've strategically invested in our production facilities in Croatia, including the Rimac Campus and supporting infrastructure, which will soon be operating at full capacity."

Rimac Technology is headquartered in Croatia, with offices in the UK, and currently employs more than 1,400 employees.