SAUNEX Partners with Saudi SIIVC in Strategic EV Initiative

The partnership will concentrate on the development and manufacturing of electric vehicles, enhancing industry capabilities

BANGKOK,Oct. 5, 2024/PRNewswire/ -- UNEX ofthe Netherlands, a global leader in the research and development of electric vehicles (EVs), and Siam Racing Automobiles (SRA) ofThailand, a world-class automotive design and engineering firm, have announced that their joint venture, SAUNEX, has entered into a strategic cooperation agreement with Saudi Arabia International Industrial Village (SIIVC). The alliance will establish a production facility for EVs inSaudi Arabia, aiming to extend their market reach across theMiddle East,North Africa, andSouthern Europe.

Chatchaval Jiaravanon, a member of the family that controls CP Group, addressed the audience at the signing ceremony. He highlighted the importance of automotive manufacturing as a benchmark of a nation's industrial capabilities. Reflecting on CP Group's past collaboration withChina'sSAIC to set up a production facility for MG sports cars inThailand, he noted that the success of automotive ventures relies critically on exemplary technology and leadership. The partnership between SAUNEX and SIIVC is aligned withSaudi Arabia'sVision 2030 strategic initiative, emphasizing sustainable collaboration in the development, production, and marketing of EVs. The goal is to drive significant progress inSaudi Arabia'sEV sector and position SAUNEX as a beacon of successful international cooperation betweenThailandandSaudi Arabia.



Mr. Jiaravanon also remarked that SAUNEX stands at the forefront of electric vehicle R&D, particularly in the application of battery swapping technology and the fields of automotive design and engineering. Their leading model, the Manto, is a luxury electric SUV that utilizes UNEX's battery swapping technology, enhanced by SRA's sophisticated design and engineering. It significantly outperforms competitors, offering a superior choice for future EVs free from the usual range limitations.

Top management executives from UNEX at the ceremony pointed out that under the leadership of Dr.Faisal Abdullah, CEO of SIIVC, the project aims to develop cutting-edge automotive production and battery swapping facilities inSaudi Arabia, manufacturing a full line-up of vehicle models including sedans, SUVs, and vans. The partnership also includes collaboration with CP Group and automotive supply chains inThailandandChina, aiming to create a sustainable and advanced industrial ecosystem that sets a global standard for the electric vehicle industry.

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SOURCE UNEX