Electric Vehicle Company Launched by PIF and Saudi Electricity Company
In a strategic move towards sustainable mobility, the Public Investment Fund (PIF) and Saudi Electricity Company (SEC) have jointly announced the establishment of the Electric Vehicle Infrastructure Company. This initiative aims to revolutionize electric vehicle (EV) adoption in Saudi Arabia by delivering state-of-the-art EV fast-charging infrastructure. PIF will hold a majority stake of 75%, with SEC owning the remaining 25%. The Unveiling of th...
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