Sipchem announces largest calcium chloride operation in the world

Sipchem announces largest calcium chloride operation in the world
Sipchem announces largest calcium chloride operation in the world

Thank you for reading the news about Sipchem announces largest calcium chloride operation in the world and now with the details

Jeddah - Yasmine El Tohamy - Electric Vehicle Infrastructure Co. to promote charging network under EVIC brand name

RIYADH: Saudi Arabia’s electric vehicle infrastructure has a new identity, with its core company responsible for building EV charging stations in the Kingdom getting a brand name. 

According to the Saudi Press Agency, the Electric Vehicle Infrastructure Co. will promote fast-charging points across the Kingdom as the EVIC. 

EVIC, a joint venture between the Public Investment Fund and the Saudi Electricity Co., plans to install over 5,000 fast chargers across 10,000 locations across the Kingdom. 

While the PIF owns a 75 percent stake in the EV infrastructure company, the SEC holds the remaining 25 percent. 

“Electric cars are the future of transportation, and we observe a widespread and growing interest in electric vehicles among Saudi consumers,” said EVIC CEO Mohammed Bakr Qazzaz in a statement. 

He added: “EVIC will provide a network of fast and reliable charging points for electric vehicles throughout the Kingdom, laying the groundwork for increased electric vehicle usage within the community.” 

EVIC’s goal is to build a strong foundation for the sector, increasing the adoption of EVs among Saudis and making the industry more attractive to investors. 

“By offering a national network of dependable and fast-charging stations, EVIC aims to bridge this gap and empower drivers in the Kingdom to purchase and use electric vehicles confidently,” said Qazzaz.  

He added: “We will work to make EVIC charging locations easy to identify and access, contributing to building confidence in the efficiency of electric vehicles and the supporting infrastructure.” 

With total Saudi investments in EV production expected to reach $50 billion over the next decade, the hope is that at least 30 percent of the vehicles on the road in Riyadh will be electric in the next seven years. 

“The Saudi public has a strong affinity for their cars. There’s so much enthusiasm for classic cars and for iconic car models,” a spokesperson for Ceer, Saudi Arabia’s first homegrown EV brand, told Arab News in March. 

“You can find battery electric vehicles on the streets of Dammam, Jeddah and Riyadh even though many brands don’t sell BEVs officially in Saudi Arabia today,” the spokesperson said, referring to fully electric vehicles with rechargeable batteries and no petrol engine. 

These were the details of the news Sipchem announces largest calcium chloride operation in the world for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Saudi cement sector poised for global lead through digital maturity and circular economy practice
NEXT Saudi Arabia, China discuss collaboration in urban development during Beijing meeting

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]