Tesla and Saudi Arabia A Win Partnership for EVs

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Tesla is a famous company that makes electric cars. Electric cars are good for the environment because they don’t use gasoline or diesel. They use batteries instead. But batteries need some special materials, like cobalt, to work well.

Saudi Arabia is a country that has a lot of oil. Oil is used to make gasoline and diesel. But oil is not good for the environment because it causes pollution and climate change. Saudi Arabia wants to use less oil and more clean energy. It also wants to make more money from other things, not just oil. Aslo Tesla work on Smartphones and laptops.

Why are they talking about Tesla and Saudi Arabia

Tesla and Saudi Arabia have some reasons to talk. One reason is that Saudi Arabia wants to use less oil. Oil can cause pollution and climate change. Pollution is when the air, water, or land becomes dirty and harmful. Pollution can affect our health and well-being. Well-being is how we feel physically and mentally. Saudi Arabia wants to reduce its pollution and its dependence on oil. Dependence is when you rely on something too much. Saudi Arabia wants to be free, more independent, and more sustainable. Sustainable is when you can keep doing something without harming yourself or others. Tesla also use Tesla Mobile connector EV charging technology

image credit inside telecom

Another reason is that Tesla needs some materials to make electric cars. One of these materials is called cobalt. Cobalt is a metal product that is used in batteries. Batteries are what make electric cars run. Batteries store electricity and release it when needed. Electricity is a form of energy that can power lights, machines, and devices. Cobalt is hard to find and expensive to buy. Most of the cobalt in the world comes from Congo. Congo is another country in Africa.

That’s why Tesla and Saudi Arabia are talking to each other. They want to make a deal that will help both of them. Saudi Arabia wants to build a factory where Tesla can make its electric cars. Tesla wants to buy some cobalt from Saudi Arabia. Saudi Arabia has some cobalt in Congo, a country in Africa.

Is it a done deal with Tesla and Saudi Arabia

No, it is not a done deal yet. A done deal means that something is certain to happen. Tesla and Saudi Arabia are still talking. They may not agree on everything. They may change their minds.

There are some problems that could stop them from building a factory together. One problem is that Tesla already has a rival in Saudi Arabia. A rival is someone who competes with you for the same thing, such as customers or money. The rival is called Lucid Group. Lucid Group also makes electric cars. It is a new company that started in 2016 in California, USA. It has not sold any cars yet, but it plans to start soon.

image credit Mint

Saudi Arabia invested a lot of money in Lucid Group. It owns more than half of the company’s shares through its sovereign wealth fund, the Public Investment Fund (PIF). A sovereign wealth fund is a huge pool of money that belongs to a country or its government. It is used to invest in different things, such as businesses or projects, to make more money or achieve other goals.

Saudi Arabia wants Lucid Group to succeed because it could make more money from it and help its economy diversify away from oil. It also wants Lucid Group to build a factory in Saudi Arabia as part of their deal.

What does it mean for us about Tesla and Saudi Arabia

If Tesla and Saudi Arabia build a factory together, it could mean good things for us. It could mean more electric cars on the road, which could reduce pollution and greenhouse gases. It could also mean more jobs for people in Saudi Arabia and lower customer prices.

image credit fast company middle east

But it could also mean bad things for us. It could mean more conflict between Tesla and Lucid Group, hurting innovation and quality. It could also mean more human rights issues in Congo, where cobalt mining can be dangerous and unfair.

Conclusion about Tesla and Saudi Arabia

In conclusion, Tesla and Saudi Arabia are exploring a possible partnership that could help them achieve their goals and make the world a better place. They show that cooperation is possible even among different players in the energy sector. They are also showing that EVs are not only good for the environment but also good for business.

FAQs about Tesla and Saudi Arabia

How many EV cars are there in Saudi Arabia?
According to the International Trade Administration (ITD), it is forecasted that 62,000 EV units will be sold in the GCC region and almost 91,000 EVs in the MENA region by 2025. However, the exact number of EV cars in Saudi Arabia has yet to be available.

Are there electric cars in Saudi Arabia?
Yes, there are electric cars in Saudi Arabia. Some popular electric car brands in KSA are Tesla, Polestar, Hyundai, Bentley, Ford, Mercedes-Benz, Chevrolet, Nissan, BMW, Honda and Volvo. In addition, Saudi Arabia has unveiled its first electric car brand called Centre, a joint venture between the Saudi sovereign wealth fund PIF and the Taiwanese contract manufacturer Foxconn.

How will electric cars affect Saudi Arabia?
Electric cars will affect Saudi Arabia in various ways. Some of the possible impacts are:

  • Saudi Arabia Reducing the dependence on oil and diversifying the economy
  • Creating new jobs and attracting foreign investment in the automotive sector
  • Improving the environmental quality in air and reducing greenhouse gas emissions
  • Enhancing the mobility and connectivity of the population
  • Facing new challenges, such as building a reliable charging infrastructure and adapting to the harsh weather conditions

Is there a Tesla in KSA?
Yes, there is Tesla in KSA. Tesla has sold its electric vehicles in Saudi Arabia since 2019 through its online platform. Tesla also has a service centre in Riyadh and plans to open more locations nationwide. Moreover, Tesla and Saudi Arabia are reportedly in early talks for building an electric vehicle factory in the country.

Which is the new EV company in Saudi Arabia?
The new EV company in Saudi Arabia is Ceer, which was launched in November 2022 as the first electric car brand from the kingdom. Ceer is a joint venture b/w the Saudi sovereign wealth fund PIF and the Taiwanese contract manufacturer Foxconn. Centre aims to produce and sell a range of electric vehicles, including sedans and SUVs, for the Middle East and North Africa (MENA) city region from 2025.

Which EV company is owned by Saudi Arabia?
The EV company owned by Saudi Arabia is Lucid Motors, a US-based electric vehicle manufacturer. The Saudi sovereign wealth fund PIF acquired a majority stake in Lucid Motors in 2018 for $1.3 billion. Lucid Motors is building a factory in Saudi Arabia with an annual capacity of 150,000 electric cars. The government of Saudi Arabia will also buy up to 100,000 Lucid electric cars over ten years.

Who is the 2nd biggest EV manufacturer?
The second biggest EV manufacturer in global sales is Volkswagen Group, which includes brands such as Volkswagen, Audi, Porsche and Skoda. In 2022, Volkswagen Group sold 1.8 million electric vehicles worldwide, accounting for 18% of the global market share. The biggest EV manufacturer is Tesla, which sold 2.1 million electric vehicles worldwide, accounting for 21% of the global market share.

Which are the 3 biggest EV markets globally?
The three biggest EV markets globally in terms of sales are China, Europe and the US. In 2022, China sold 3.4 million electric vehicles, representing 34% of the global market share. Europe sold 2.9 million electric vehicles, representing 29% of the global market share. The US sold 1.6 million electric vehicles, representing 16% of the global market share.

Which country is leading in EVs?
The country leading in EV adoption is Norway, which has the highest share of electric vehicles in its total car fleet. In 2022, Norway had 83% of its new car sales and 48% of its total car fleet being electric vehicles. Norway has achieved this remarkable feat by implementing various policies and incentives to promote electric mobility.

We will have to wait and see what happens next.

Sources:

[1] msn.com
[2] electrek.co
[3] ndtv.com
[4] livemint.com

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