SEC signs deal with Japanese firms for its EV pilot project in Saudi Arabia

January 1, 2018

SEC has signed a deal with Japan-based Tokyo Electric Power Company (TEPCO), Nissan Motor Company Limited and Takaoka Toko Company Limited for the execution of its EV pilot project in Saudi Arabia. This move, been triggered by tighter global emission regulations, is in line with the country’s efforts to diversify its economy beyond oil and develop its auto industry. As per the deal, fast-chargers will be developed to charge EV’s in 30 minutes. For the pilot project, SEC will borrow three EVs from Nissan while TEPCO and Takaoka Toko will provide three fast-chargers.