Lucid Group pioneers Saudi Arabia's first EV factory
TL;DR Summary
Lucid has opened the first electric vehicle factory in Saudi Arabia, a result of its strategic partnership with the Kingdom. The factory is expected to produce 5,000 units annually initially, with plans to eventually build 155,000 cars per year. Saudi Arabia has already committed to adding 100,000 Lucid EVs to its government fleet, and the factory could bring Lucid an increase in value of approximately $3.4 billion over the next 15 years.
- Lucid launches Saudi Arabia EV factory, the first in the country TESLARATI
- California-based EV maker Lucid opens first-ever auto plant in Saudi Arabia CNN
- Lucid enters new territory with its latest EV manufacturing plant Electrek.co
- From Desert Sands To Electric Dreams: Lucid Group's Groundbreaking Plant Powers Up In Saudi Arabia - Luci Benzinga
- Lucid opens first international EV factory in Saudi Arabia Reuters
- View Full Coverage on Google News
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