Wardwizard Innovations & Mobility Limited, an Indian electric vehicle manufacturing company listed publicly, has announced plans to establish two factories for electric vehicles and battery production in Saudi Arabia.
New Electric Vehicle Factories in Saudi Arabia
In a strategic move to enhance the electric vehicle landscape in the region, Wardwizard has formed a partnership with Saudi Arabia. This collaboration will result in the establishment of two manufacturing plants—one dedicated to assembling electric vehicles and another focused on producing electric cells.
The assembly facility will cater to the production of various electric vehicles, including two-wheelers, three-wheelers, and four-wheelers, with plans to eventually incorporate electric buses into its offerings. Moreover, the initiative will also see the creation of a factory for electric vehicle cells aimed at boosting local production and lessening dependence on imports.
The partnership will see the launch of factories in Saudi Arabia focusing on the assembly of electric vehicles and the production of electric cells. (Shutterstock)
While the total investment for this joint venture has not been disclosed, the project signifies a pivotal advancement in enhancing Saudi Arabia’s capabilities in electric vehicle manufacturing and the adoption of cutting-edge technologies.
Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility, stated: “This collaboration is a strong testament to our expertise in the electric mobility sector. Following the completion of our feasibility study, we are optimistic that this venture will play a significant role in realizing the Kingdom’s vision for a sustainable future while enhancing our global footprint.”
This endeavor is consistent with Saudi Arabia’s objectives to elevate its electric mobility sector and localize advanced industries both domestically and internationally.