SAUDI ARABIA EV TRACTION MOTOR MARKET

INTRODUCTION

To enable the vehicle to be pushed against kinetic resistance, rolling resistance, and aerodynamic drag, electric vehicles (EVs) need traction motors to convert electrical energy to mechanical energy.

Hence, the main part of electric, hybrid, and fuel cell cars is the electric motor drives.

MARKET DYNAMICS

Due to the expansion of the economy and population in Saudi Arabia during the past few years, there has been an increase in the need for power.

To meet this rising demand, the nation has made investments in a variety of alternatives, including encouraging renewable energy and changing the composition of its generation mix.

To achieve the Saudi Vision’s economic and environmental goals, electric vehicles (EVs) are an essential component.

As part of this vision, Saudi Arabia is opening its first electric vehicle manufacturing facility in the nation alongside Lucid.

SAUDI ARABIA EV TRACTION MOTOR MARKET MARKET SIZE AND FORECAST

The Saudi Arabia EV Traction Motor Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

NEW PRODUCT LAUNCH

A deal between Lucid Motors and the Saudi government has been disclosed. The Grand Touring and Performance Editions of the Air from Lucid Motors, which has just recently begun manufacture of the Dream Edition, will shortly go on sale. 

The Lucid Air and its upcoming SUV Lucid Gravity are both part of this order. All of these vehicles will be initially constructed in the AMP-1 facility in Arizona and afterwards produced in the forthcoming Saudi Arabian factory.

The new production base, which Lucid will entirely own, will help the business fulfil the rising demand for high-end electric vehicles around the world.

Additionally, Lucid anticipates profiting from the availability of energy and commodities at competitive prices, a developing domestic supply chain, and a plant location that supports international logistics.

COMPANY PROFILE

• Lucid 
• Foxxcon 
• ABB
• Siemens
• Eaton

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per Saudi Arabia EV Traction Motor Market right now and how will it change in next 5-6 years? 
2. Average cost to set up a  Saudi Arabia EV Traction Motor Market  in Saudi Arabia
3. How many Saudi Arabia EV Traction Motor Market  are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally? 
5. Cost breakup of a  Saudi Arabia EV Traction Motor Market  and key vendor selection criteria
6. Where is the Saudi Arabia EV Traction Motor Market  manufactured? What is the average margin per equipment?
7. Market share of Saudi Arabia EV Traction Motor Market manufacturers and their upcoming products
8. The most important planned  Saudi Arabia EV Traction Motor Market  in next 2 years
9. Details on network of major Saudi Arabia EV Traction Motor Market  and pricing plans
10. Cost advantage for OEMs who manufacture Saudi Arabia EV Traction Motor Market  in-house
11. 5 key predictions for next 5 years in Saudi Arabia EV Traction Motor Market
12. Average B-2-BSaudi Arabia EV Traction Motor Market price in all segments
13. Latest trends in Saudi Arabia EV Traction Motor Market, by every market segment
14. The market size (both volume and value) of Saudi Arabia EV Traction Motor Market in 2022-2027 and every year in between?
15. Global production breakup of Saudi Arabia EV Traction Motor Market, by suppliers and their OEM relationship