Search form

Last updated: 1 min 31 sec ago

You are here

Corporate News

SEC and Japan firms sign deal to implement ‘Electric Car Pilot Project’ in the Kingdom

Representatives of SEC and three Japanese firms during the agreement signing ceremony.
The Saudi Electricity Co. (SEC) has signed a cooperation agreement with three Japanese firms to implement “Electric Car Pilot Project” in the Kingdom.
The projects aims to help reduce dependency on oil and boost environmental conservation standards by minimizing pollution associated with similar internal combustion engine (ICE) vehicles.
The agreement was signed by Khalid bin Saad Al-Rashed, executive vice president, engineering and projects, SEC, and officials of Tokyo Electric Power Company Holdings Inc., Nissan Motor Co. and Tecaoca Coco Energy Solutions Co.
Al-Rashed said the project is an important step to transfer modern technologies and use the electric energy in general and electric car technologies in particular.
He said the coming days will witness SEC’s additional efforts to assess utilization of such promising experiments.
The agreement also includes the development of a fast electric charger for vehicles.
Meanwhile, Nissan Co. announced it will lend SEC three electric cars while Tecaoca Coco Co. will provide it with three fast chargers, highlighting the international trend to expand usage of such cars.
According to the agreement, SEC will cooperate with three Japanese companies to study operation of electric cars in the Kingdom and adapting them to the environment and requirement of their operation.
The possibility of expanding the project and means of utmost utilization will be discussed in order to achieve the objectives and future plans, confirming that SEC is aiming to keep up with the latest technologies in the field of electric energy.
Over the past years, SEC has signed a number of agreements and memos of understanding (MoU) with leading Japanese companies to build strategic relations with international manufacturers.

MORE FROM Corporate News