<p><b><i>The partnership will concentrate on the development and manufacturing of electric vehicles, enhancing industry capabilities</i></b></p>  <p><span class="legendSpanClass"><span class="xn-location">BANGKOK</span></span>, <span class="legendSpanClass"><span class="xn-chron">Oct. 5, 2024</span></span> /PRNewswire/ -- UNEX of <span class="xn-location">the Netherlands</span>, a global leader in the research and development of electric vehicles (EVs), and Siam Racing Automobiles (SRA) of <span class="xn-location">Thailand</span>, a world-class automotive design and engineering firm, have announced that their joint venture, SAUNEX, has entered into a strategic cooperation agreement with Saudi Arabia International Industrial Village (SIIVC). The alliance will establish a production facility for EVs in <span class="xn-location">Saudi Arabia</span>, aiming to extend their market reach across the <span class="xn-location">Middle East</span>, <span class="xn-location">North Africa</span>, and <span class="xn-location">Southern Europe</span>.</p>  <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">   <p style="TEXT-ALIGN: center; WIDTH: 100%"> <a href="https://mma.prnasia.com/media2/2523943/Signing_Ceremony_01102024_x_DavilSnap_354.html" target="_blank" rel="nofollow"> <img src="https://mma.prnasia.com/media2/2523943/Signing_Ceremony_01102024_x_DavilSnap_354.jpg?p=medium600" title="" alt="" /> </a> <br /><span></span></p>  </div>  <p>Chatchaval Jiaravanon, a&nbsp;member of&nbsp;the family that controls CP Group, addressed the audience at the signing ceremony. He highlighted the importance of automotive manufacturing as a benchmark of a nation's industrial capabilities. Reflecting on CP Group's past collaboration with <span class="xn-location">China's</span> SAIC to set up a production facility for MG sports cars in <span class="xn-location">Thailand</span>, he noted that the success of automotive ventures relies critically on exemplary technology and leadership. The partnership between SAUNEX and SIIVC is aligned with <span class="xn-location">Saudi Arabia's</span> Vision 2030 strategic initiative, emphasizing sustainable collaboration in the development, production, and marketing of EVs. The goal is to drive significant progress in <span class="xn-location">Saudi Arabia's</span> EV sector and position SAUNEX as a beacon of successful international cooperation between <span class="xn-location">Thailand</span> and <span class="xn-location">Saudi Arabia</span>.<br /><br />Mr. Jiaravanon also remarked that SAUNEX stands at the forefront of electric vehicle R&amp;D, particularly in the application of battery swapping technology and the fields of automotive design and engineering. Their leading model, the Manto, is a luxury electric SUV that utilizes UNEX's battery swapping technology, enhanced by SRA's sophisticated design and engineering. It significantly outperforms competitors, offering a superior choice for future EVs free from the usual range limitations.</p>  <p>Top management executives from UNEX at the ceremony pointed out that under the leadership of Dr. <span class="xn-person">Faisal Abdullah</span>, CEO of SIIVC, the project aims to develop cutting-edge automotive production and battery swapping facilities in <span class="xn-location">Saudi Arabia</span>, manufacturing a full line-up of vehicle models including sedans, SUVs, and vans. The partnership also includes collaboration with CP Group and automotive supply chains in <span class="xn-location">Thailand</span> and <span class="xn-location">China</span>, aiming to create a sustainable and advanced industrial ecosystem that sets a global standard for the electric vehicle industry.</p>