PIF, Saudi Electricity launch Electric Vehicle Infrastructure Company

PIF, Saudi Electricity launch Electric Vehicle Infrastructure Company

The Public Investment Fund (PIF) and Saudi Electricity Company (SEC) announced today the launch of the Electric Vehicle Infrastructure Company. PIF will own a 75% stake in the Company, while SEC will hold the remaining 25% stake.   The company aims to deliver best-in-class electric vehicle (EV) fast-charging infrastructure across Saudi Arabia, further unlocking the local automotive

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