Saudi Arabia's Ceer Motors, backed by the Public Investment Fund, unveiled its new EXOBOT electric vehicles as part of a domestic EV industry strategy. The company, partnered with BMW and Foxconn, plans to manufacture seven vehicles over five years at a new complex in King Abdullah Economic City, aiming to contribute $8 billion to the Kingdom's economy by 2034.
EV charging involves unavoidable losses as electricity is transmitted and converted from grid AC to battery DC. Testing shows AC Level 1/2 chargers typically lose 14–20 percent of electricity to heat, conversion, and thermal management, while DC fast chargers lose approximately 10 percent. Using dedicated wall-mounted chargers significantly reduces losses compared to household outlets.