2023沙特电动车市场概况.pdf-solarbe文库

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APRIL 2023 Collation of relevant information on the evolving electric vehicle landscape in the Kingdom of Saudi Arabia EVLANDSCAPE SAUDI ARABIA EVreporter | Intelligence. Research. Consulting. WHAT S INSIDE Copyright © 2023 EVreporter. All rights reserved. Pa ge 2 3 5 6 8 13 Key Stats, Vision 2030 PIF Program Current Passenger Car Market in KSA Approach to Electrification Electric Vehicle Makers EV Manufacturing Sales Forecasts 15 Regulations Guidelines 22 EV Charging Infrastructure 25 Minerals Exploration Disclaimer The information contained in this document is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind about the completeness, accuracy, reliability or suitability of the information, products, services, or related graphics for any purpose. Any reliance you place on the information is strictly at your own risk. KEY STATS - KINGDOM OF SAUDI ARABIA Population 36 million 13 administrative regions 1 USD 3.75 SAR Saudi Riyal GDP 833 bn USD 3126 bn SAR* Trade surplus 44.5 billion SAR ** EVreporter | Intelligence. Research. Consulting. Pa ge 3 VISION 2030 The government of Saudi Arabia has envisaged and documented its vision for 2030, which acts as the highest level of the policy framework for all the developmental tasks in the country. SAUDI VISION 2030 aims to leverage Saudi Arabia s three strengths - its recognition as a religious hub for the Arab Islamic worlds, its investment prowess, and its strategic geographic location to be able to become a trade powerhouse involving Africa, Asia Europe. The vision has been cascaded into strategic objectives that the government aims to achieve through various vision realization programs. Vision Realization Programs under Saudi Vision 2030 Copyright © 2023 EVreporter. All rights reserved. *2021 ** Feb 2023 Source European Country of Origin Information Network The Public Investment Fund PIF Program, in the country s own words, is amongst the largest sovereign funds in the world and one of the key vision realization programs of the Saudi Arabian Government. The PIF drives the expansion and development of Saudi Arabia s economy, providing the necessary resources and support to establish new industries and unlock fresh opportunities. With a focus on maximizing sustainable returns, PIF is making long-term investments to position itself as a preferred investment partner for global ventures. Some of its investments include 71 companies created in 13 strategic sectors, 500,000 direct and indirect jobs created, and USD 620 Billion worth of Assets Under Management AUM. The investments are done in the Giga Projects like NEOM, ROSHN, etc., MENA region investments like GASCO, NUPCO, KAFD, etc. and international investments in companies like Lucid Motors, Jio Platforms, Reliance Retail, Uber, etc. The country has set a target of ensuring that 30 of the cars on its capital city’s roads are electric by the end of 2030. The Saudi government is investing heavily in the Electric Vehicles Ecosystem through the PIF program. PUBLIC INVESTMENT FUND PROGRAM “The Government leadership, through its ministries and public entities, is taking critical necessary steps for eMobility growth in the KSA. This includes aspects, such as putting charging standards in place, setting-up of a process for approval of EV charging infrastructure, promoting domestic EV manufacturing, deployment in economic clusters public tenders for giga projects and grid impact studies at the utility-level. Because of this, we will see a spurt in EV sales in the Kingdom in the next couple of years or earlier, most likely starting with commerical EVs.“ Kanv Garg Market Expert, eMobility and Charging Infrastructure and Ex-Strategy Director, Electromin EVreporter | Intelligence. Research. Consulting.Copyright © 2023 EVreporter. All rights reserved. Pa ge 4 EVreporter | Intelligence. Research. Consulting. New passenger car sales in KSA in the year 2021 were over 4,75,800, and in the year 2022, new passenger car sales were nearly 4,81,900. Nearly 43 of all passenger cars sold in KSA in 2021 and 2022 were SUVs. Toyota and Hyundai were the largest players in 2022, with nearly 30 and 20 market share, respectively. Passenger car sales are expected to surpass 5,17,000 units in 2027. CURRENT PASSENGER CAR MARKET IN KSA Source Saudi Industrial Development Fund Source - Statisa.com Copyright © 2023 EVreporter. All rights reserved. Pa ge 5 Saudi Arabia has ambitious plans to go electric and is already positioning itself as a major electric vehicle supplier in the Gulf, Northern Africa, and surrounding regions. The government is collaborating with global players to establish multiple EV manufacturing bases and investing through PIF while participating in major EV production projects alongside established private companies with domain or technology expertise. In addition, Saudi Arabia is placing significant emphasis on advancing research and mining ventures related to battery materials upstream in order to address crucial gaps in the electric vehicle supply chain. The nation is making concerted efforts to attract lithium miners and battery manufacturers to establish operations within its borders as part of its push to move away from reliance on hydrocarbons. To tap into its estimated 1.3 trillion mineral resources and address the increasing supply deficit, the country is rapidly issuing mining licenses, with lithium emerging as a key source. The government is processing almost 150 exploration license applications from foreign companies and plans to lure 32 billion of investment into the mining sector. Saudi Arabia s Minister of Industry and Mineral Resources, Mr Bandar bin Ibrahim AlKhorayef has said that the government plans to allot more than a dozen licenses for mining exploration to international investors. In terms of lithium extraction and processing, researchers are currently exploring effective techniques for extracting and refining the mineral from the salty brine byproduct found around Saudi Arabia s oilfields, with the aim of utilizing it in the production of batteries. As part of its plan to transform the mining sector into the third pillar of its national economy, Saudi Arabia is providing a range of incentives to attract investors, including the option of receiving up to 75 co-funding of capital expenditure through the Saudi Industrial Development Fund SIDF. Additionally, miners are eligible for a five-year royalty holiday, while there is a 30 reduction on royalty payments for further downstream production processing. APPROACH TO ELECTRIFICATION EVreporter | Intelligence. Research. Consulting.Copyright © 2023 EVreporter. All rights reserved. Pa ge 6 To increase the non-oil governmental revenue from SAR 163 billion to SAR 1 Trillion To raise the share of non-oil exports in non-oil GDP from 16 to 50 The energy sector is the backbone of the Saudi economy, with the country claiming to possess a quarter of the world s proven oil reserves. Saudi Arabia is the world s largest producer and exporter of oil and also has vast reserves of natural gas, which it uses as an environmentally friendly energy source for urban and industrial use. The country s economy heavily relies on petroleum exports, which constituted a significant portion of the country s total exports by value in 2020, amounting to nearly 70. Furthermore, oil-based sources contributed to around 53 of the Saudi government s revenue. Amongst others, two key objectives in Saudi Vision 2030, pertaining to the reduction of dependence of Saudi Arabia on oil are At the Saudi climate summit, Crown Prince Mohammad bin Salman declared his intention to achieve net-zero carbon emissions by 2060. EVreporter | Intelligence. Research. Consulting.Copyright © 2023 EVreporter. All rights reserved. Pa ge 7 ELECTRIC VEHICLE MAKERS EVreporter | Intelligence. Research. Consulting. Pa ge 8 Copyright © 2023 EVreporter. All rights reserved. CEER - SAUDI ARABIA S HOME GROWN EV BRAND Ceer is the first Saudi Arabian Electric vehicle brand. It is a joint venture between the Saudi government s Public Investment Fund PIF and Foxconn, with BMW as the component technology provider in the vehicle development process. EVreporter | Intelligence. Research. Consulting. Pa ge 9 Speaking publicly for the first time as Ceer’s CEO, Jim DeLuca explained why he’s optimistic about the Kingdom’s EV aspirations - “Saudi Arabia recognizes the importance of the automotive sector when it comes to economic growth and job creation. Ceer will help ignite Saudi Arabia’s automotive sector and create synergies of scale that the automotive industry will benefit from as more automotive manufacturing moves to the Middle East to make electric vehicles mainstream in the country and the wider region.“ Jim DeLuca CEO, Ceer Foxconn will develop the electrical architecture of the vehicles, leveraging their technological expertise to support Ceer’s vision of creating a range of electric vehicles that are built around the themes of connectivity, infotainment and autonomy. Ceer is planning on designing, manufacturing and selling a range of vehicles like Sedans and Sport Utility Vehicles to a wide range of customers from the kingdom with license component technology from BMW. The vehicles are targeted for 2025, and an expectation of Foreign Direct Investment of USD 150 million is kept where the creation of up to 30,000 direct and indirect jobs will also be targeted as a part of the process. Ceer signed a land purchase agreement of 1 million square meters in Industrial Valley in close proximity to King Abdullah Port for an amount of SAR 359 million with Emaar, the Economic City, in November 2022, with construction starting 2023. Copyright © 2023 EVreporter. All rights reserved. EVreporter | Intelligence. Research. Consulting. Pa ge 10 LUCID MOTORS In 2022, the Saudi government committed to purchasing up to 100,000 vehicles over a ten-year period from Lucid, with an initial commitment to purchase 50,000 vehicles and an option to purchase up to an additional 50,000 vehicles over the same period. The order quantity will range from 1,000 to 2,000 vehicles annually and increase to between 4,000 and 7,000 vehicles annually starting from 2025 to be built and assembled at both Lucid’s Arizona and the Saudi factories. Lucid Motors is an American EV automotive company. It has entered into an arrangement with the Saudi Arabian government to build and operate its manufacturing facility in the country. The Saudi Government has taken a majority stake holding in the company through its PIF Public Investment Fund. The Saudi factory is being developed in KAEC’s ‘Industrial Valley,’ close to King Abdullah Port along the main Red Sea trading corridor, an area which has handled more than a third of Saudi Arabia’s Western Region container volumes. In October 2022, Lucid Motors announced the opening of its first Studio in the Middle East, located in Riyadh’s Al Nakheel District. The vehicles at the studio are being manufactured in California. Copyright © 2023 EVreporter. All rights reserved. Lucid plans to establish operations at KAEC for the re-assembly of Lucid Air vehicles that are pre-manufactured at the company’s U.S. AMP-1 Advanced Manufacturing Plant 1 Manufacturing Facility in Casa Grande, Arizona, and, over time, for production of complete vehicles. At its peak, the company expects to manufacture up to 155,000 vehicles per year at the KAEC facility. The vehicles built there would be for the domestic Saudi market initially but would also be exported to other markets later on. The new facility in Saudi will be called AMP-2 Advanced Manufacturing Plant 2. EVreporter | Intelligence. Research. Consulting. HYUNDAI In December 2022, Hyundai Motor Company signed an MoU with the Ministry of Industry and Mineral Resources of Saudi Arabia to enhance cooperation in vehicle manufacturing in the region with an aim to assist in developing local manufacturing capabilities. The MoU mentions planning to build a Saudi Arabia-based assembly plant with the CKD system for electric cars and internal combustion engine cars. The MoU was signed in the presence of Minister of Industry and Mineral Resources Bandar Alkhorayef and his deputy Osama Al-Zamil, Minister of Economy and Planning Faisal Al-Ibrahim and the CEO of the Saudi Industrial Development Fund Ibrahim Al-Mojil. Copyright © 2023 EVreporter. All rights reserved. Pa ge 11 EVreporter | Intelligence. Research. Consulting. Pa ge 12 AVASS GROUP In Feb 2022, Australia s Avass Group a subsidiary of the DFT Group Pty Ltd signed an agreement with the Saudi Government to manufacture lithium batteries and electric buses within Saudi Arabia. The group is headquartered in Melbourne and has a presence in India, Singapore, Indonesia and Saudi Arabia. Avass is viewing India as a key base to manufacture a range of fully electric vehicles, including buses, cars, motorcycles and batteries, and believes that the agreement with the Saudi government will also greatly assist the trade relationship between Saudi Arabia and India. The Avass Touring Bus holds the Guinness World Record for an Electric Bus travelling more than 1,000 km on a single charge, and Avass is also the first Australian Electric Vehicle manufacturer to obtain a World Manufacturer ID WMI. CANOO Canoo is an American automotive company that develops and manufactures electric vehicles. In Jan 2023, Saudi company GCC Olayan, the distributor of Scania trucks in the country, tied up with Canoo for the sale, distribution, service maintenance and repair of Canoo vehicles. Canoo and GCC Olayan also intend to jointly launch a digital vehicle ecosystem for service maintenance repair, local assembly, and eventually, manufacturing of EVs in Saudi Arabia. Canoo signs an exclusive agreement with GCC Olayan for the sale, service and distribution of Canoo fleet solutions in Saudi Arabia. Copyright © 2023 EVreporter. All rights reserved. ELECTRIC VEHICLES MANUFACTURING FORECAST EVreporter | Intelligence. Research. Consulting. Pa ge 13 Lucid Motors 155,000 units per annum | Expected to produce 4 models of BEVs CEER Motors 150,000 units per annum | Expected to produce several BEV models,including sedans and SUVs Unnamed upcoming project 50,000 units per annum Annual BEV production capacity in the pipeline by 2030 Source Saudi Industrial Development Fund The graph shows a forecast of the supply of Battery Electric Vehicles manufactured in KSA The Saudi Industrial Development Fund estimates that the country will have a total EV production capacity of 310,000 vehicles per annum by 2030 led by Lucid Motors and CEER Motors. In total, 10 different models of BEVs are expected to be rolled out by 2027. In thousand vehicles Number of models KSA total production capacity by 2030 310,000 vehicles per annum Copyright © 2023 EVrepor