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HomeBusinessWardwizard to Launch EV Plants in Saudi Arabia

Wardwizard to Launch EV Plants in Saudi Arabia

Joint venture to support sustainable transportation in the Kingdom

September 6, 2024
in Business
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Wardwizard Innovations & Mobility announced plans to form a joint venture in Saudi Arabia to establish two electric vehicle assembly plants. The company received a Letter of Intent (LoI) from Saudi Arabia confirming the collaboration.

The feasibility study for the project has been completed, affirming its viability.

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This partnership is a significant endorsement of our capabilities in the electric mobility sector. With the completion of the feasibility study, we are confident that this joint venture will contribute to the Kingdom’s vision for a sustainable future while strengthening our global presence, stated Wardwizard Innovations & Mobility Chairman and MD Yatin Gupte.

The joint venture aims to leverage Wardwizard’s expertise to support Saudi Arabia’s shift towards a more sustainable transportation infrastructure.

Tags: electric vehiclesjoint venturesaudi arabiaSustainable Transportation
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