Sabic, Ceer to Explore EV Materials Partnership

12:26 AM EDT, 07/22/2026 (MT Newswires) -- Saudi Basic Industries (SASE:2010), d/b/a Sabic, is collaborating with electric vehicle company Ceer to evaluate mutually beneficial commercial opportunities. Under a memorandum of understanding, the companies will assess the use of the Saudi petrochemicals manufacturer's materials in the design, development, and production of Ceer's electric vehicles, according to a Tuesday release. The partnership will also explore the development of materials and processing technologies to meet industry requirements.