RONN-Saudi Arabia JV Greenlit: Multi-Billion Dollar Hydrogen Expansion to Anchor Vision 2030, Set Over Three Years
RONN Inc. (RONN) has secured approval for a major joint venture with Saudi Arabia, featuring a multi-billion-dollar hydrogen budget of up to $4 billion USD over three years. The initiative aligns with Saudi Arabia's Vision 2030 and includes:
The project encompasses two advanced production facilities in Saudi Arabia, with plans to produce 10,000 hydrogen-electric logistics trucks, 1,000 RONN Phoenix sport vehicles, and an exclusive Halo Hypercar. Initial engineering will be conducted in the U.S., with provisions for training Saudi-based engineers as part of Vision 2030's human capital development goals.
RONN Inc. (RONN) ha ottenuto l'approvazione per una grande joint venture con l'Arabia Saudita, con un budget plurimiliardario per l'idrogeno fino a 4 miliardi di dollari USA in tre anni. L'iniziativa è in linea con la Vision 2030 dell'Arabia Saudita e prevede:
Il progetto comprende due impianti di produzione all'avanguardia in Arabia Saudita, con l'obiettivo di produrre 10.000 camion logistici a idrogeno-elettrici, 1.000 veicoli sportivi RONN Phoenix e un esclusivo Halo Hypercar. L'ingegneria iniziale sarà svolta negli Stati Uniti, con programmi di formazione per ingegneri basati in Arabia Saudita, in linea con gli obiettivi di sviluppo del capitale umano della Vision 2030.
RONN Inc. (RONN) ha asegurado la aprobación para una importante empresa conjunta con Arabia Saudita, con un presupuesto multimillonario para hidrógeno de hasta 4 mil millones de dólares durante tres años. La iniciativa está alineada con la Visión 2030 de Arabia Saudita e incluye:
El proyecto abarca dos instalaciones de producción avanzadas en Arabia Saudita, con planes para fabricar 10,000 camiones logísticos eléctricos de hidrógeno, 1,000 vehículos deportivos RONN Phoenix y un exclusivo Halo Hypercar. La ingeniería inicial se realizará en EE.UU., con disposiciones para capacitar a ingenieros basados en Arabia Saudita como parte de los objetivos de desarrollo del capital humano de la Visión 2030.
RONN Inc. (RONN)은 사우디아라비아와의 주요 합작 투자를 승인받았으며, 3년 동안 최대 40억 달러 규모의 수소 예산을 포함하고 있습니다. 이 이니셔티브는 사우디아라비아의 비전 2030과 일치하며 다음을 포함합니다:
이 프로젝트는 사우디아라비아에 두 개의 첨단 생산 시설을 포함하며, 10,000대의 수소 전기 물류 트럭, 1,000대의 RONN Phoenix 스포츠 차량, 그리고 독점적인 Halo Hypercar를 생산할 계획입니다. 초기 엔지니어링은 미국에서 수행되며, 비전 2030의 인적 자본 개발 목표의 일환으로 사우디 현지 엔지니어 교육도 포함됩니다.
RONN Inc. (RONN) a obtenu l'approbation pour une importante coentreprise avec l'Arabie Saoudite, comprenant un budget hydrogène de plusieurs milliards de dollars, pouvant atteindre 4 milliards de dollars US sur trois ans. Cette initiative s'aligne sur la Vision 2030 de l'Arabie Saoudite et inclut :
Le projet comprend deux installations de production avancées en Arabie Saoudite, avec des plans pour produire 10 000 camions logistiques hydrogène-électriques, 1 000 véhicules sportifs RONN Phoenix et une Hypercar Halo exclusive. L'ingénierie initiale sera réalisée aux États-Unis, avec des formations prévues pour les ingénieurs basés en Arabie Saoudite dans le cadre des objectifs de développement du capital humain de la Vision 2030.
RONN Inc. (RONN) hat die Genehmigung für ein bedeutendes Joint Venture mit Saudi-Arabien erhalten, das ein mehrere Milliarden Dollar umfassendes Wasserstoffbudget von bis zu 4 Milliarden US-Dollar über drei Jahre vorsieht. Die Initiative steht im Einklang mit Saudi-Arabiens Vision 2030 und umfasst:
Das Projekt beinhaltet zwei hochmoderne Produktionsanlagen in Saudi-Arabien mit Plänen zur Herstellung von 10.000 wasserstoff-elektrischen Logistik-Lkw, 1.000 RONN Phoenix Sportfahrzeugen und einem exklusiven Halo Hypercar. Die anfängliche Ingenieursarbeit wird in den USA durchgeführt, mit Schulungen für in Saudi-Arabien ansässige Ingenieure als Teil der Ziele zur Entwicklung von Humankapital der Vision 2030.
- Secured up to $4 billion USD budget for hydrogen expansion
- Large-scale production plans for 10,000 logistics trucks and 1,000 sport vehicles
- Strategic alignment with Saudi Arabia's Vision 2030
- Establishment of two advanced production facilities in Saudi Arabia
- Technical details remain confidential, creating uncertainty about project specifics
- Three-year implementation timeline suggests delayed revenue recognition
- Heavy dependence on Saudi market and government initiatives
SCOTTSDALE, ARIZONA / ACCESS Newswire / May 6, 2025 / RONN Inc. confirmed today that a high-level strategic call between Saudi executives, CEO Mr. Ford, and Sheila Stewart has resulted in a formal approval of a multi-billion-dollar hydrogen budget, with a contingency framework allowing up to
The initiative includes plans for two advanced production facilities in Saudi Arabia, targeting the rollout of 10,000 hydrogen-electric logistics trucks, 1,000 RONN Phoenix sport vehicles, and a highly exclusive one-off Halo Hypercar. Technical details are currently confidential. Initial engineering will be executed in the U.S., with training programs designed to upskill Saudi-based engineers as part of the Vision 2030 human capital alignment.
Additional milestones and rollout specifics will be disclosed as project phases are approved. Mr. Ford shared, "This joint venture is a culmination of decades of innovation and a belief in hydrogen as the next great global energy paradigm." He added, "I've been building vehicles since the '50s-and this moment marks a legacy-defining evolution."
About RONN Inc.
RONN Inc. is a U.S.-based hydrogen technology company focused on developing zero-emission hydrogen fuel cell vehicles, modular infrastructure, and high-performance supercars. The company is committed to scalable innovation, sustainable energy solutions, and global partnerships that accelerate the hydrogen economy.
Forward-Looking Statements
This press release contains forward-looking statements, including projections and estimates, which are subject to risks and uncertainties. Actual results may differ materially due to various factors. RONN Inc. undertakes no obligation to update these statements except as required by law.
Contact:
Ronn Ford, CEO
Ronn.ford@ronnmotorgroup.com
Social Media: @ronnmotorgroup on X
Website: www.ronnmotorgroup.com
SOURCE: RONN
View the original press release on ACCESS Newswire
FAQ
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