Canoo, an electric vehicle startup company from California, has signed an exclusive agreement with GCC Olayan Group (General Contracting Company) and chosen it as the sole Saudi Arabian distributor of its fleet of products.
Purpose
They inked an exclusive partnership agreement with GCC Olayan for the sale, support, and distribution of Canoo’s fleet of products in Saudi Arabia. For more than 75 years, GCC Olayan has distributed prestigious brands in Saudi Arabia and is the original member of the Olayan Group worldwide.
Agreement
The sale, distribution, servicing, maintenance, and repair of Canoo vehicles are covered in the agreement’s first phase. In addition, Canoo and GCC Olayan will collaborate to jointly create a digital vehicle ecosystem for servicing, local assembly, and eventually manufacture. Their agreement to introduce and transport Canoo’s award-winning vehicles to the country is based on their shared dedication to providing excellent customer service.
Canoo
The Olayan Group is an established partner to promote EVs in the area, a worldwide business leader with decades of experience in distribution agreements with some of the global top brands.
The company’s unique multi-purpose platform architecture, which incorporates all high-tech parts including the motors, battery module, and other essential driving parts, is the foundation for Canoo cars. With true steer-by-wire engineering, Canoo vehicles have fewer moving parts and cabin intrusion, which increases the amount of usable inside space, improves driver ergonomics and allows for the addition of a panoramic window to enhance sight on the road. The modular structure also makes it easier for people to localize the offering and facilitate an approach for a scalable local manufacturing strategy.
GGC Olayan
The Olayan Group is an established partner to promote EVs in the area, a worldwide business leader with decades of experience in distribution agreements with some of the global top brands.
Through the use of a variety of operating systems, they have successfully launched numerous well known worldwide brands, goods, and services in Saudi Arabia. Their continued popularity and successful track record are mostly due to their unwavering dedication to quality and their in depth understanding of the local market. They acknowledge that the launch of the Saudi Green Initiative and its commitment to achieving net zero by the year 2060 have contributed to a rise in demand for sustainable transportation solutions in Saudi Arabia.
- Heavy, medium, and light vehicles, construction equipment, oil and gas, power generation, and other diverse sectors, all of which have contributed to the development of the infrastructure, are just a few of the areas in which GCC Olayan has pioneered in order to reshape the Saudi market.
With that in mind, they are thrilled to be the sole distributor in the market of Canoo’s electric vehicles and are pleased to sign the product and service distribution agreement with the company.
Conclusion
With the help of the new partnership, GCC Olayan’s more than 75 years of experience in the automotive industry and related fields will be combined with Canoo’s cutting edge electric vehicle technology to meet market demand and advance the targets set forth in Saudi Vision 2030’s sustainability goals.
Additionally, they have charted an idealist course for the adoption of electric vehicles and increase the use of sustainable mobility options.