logo

This website uses cookies to ensure you get the best experience on our website.

Read through our Privacy Policy to learn more.

 Go Back

Lucid set up first overseas EV factory in Saudi Arabia

By Yashasvini Razdan - May 19, 2022, 07:17 PM ET
Last Updated - Feb 29, 2024, 07:21 AM EST
EV factory_Product
Lucid held a signing ceremony to mark the agreements of February 2022 that facilitated the setup of the new factory.

US electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia. The new manufacturing unit is supposed to make 155,000 electric vehicles a year

• The company said that it will initially serve the local market

Sponsored

US electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia. The new manufacturing unit is supposed to make 155,000 electric vehicles a year.

The company said that it will initially serve the local market, in a press release on Wednesday.

Lucid held a signing ceremony to mark the agreements of February 2022 that facilitated the setup of the new factory.

“This signing ceremony marks yet another step forward in the realization of Lucid’s mission to inspire the adoption of sustainable energy, and I’m delighted this brand-new manufacturing facility will come to fruition here in Saudi Arabia,” said Peter Rawlinson, Lucid’s CEO and CTO.

Minister of Investment of Saudi Arabia, Khalid Al-Falih, said, “Attracting a global leader in electric vehicles such as Lucid to open its first international manufacturing plant in Saudi Arabia reflects our commitment to creating long-term economic value in a sustainable, enduring, and globally integrated way.”

Read more:

Source: Lucid

Sponsored
Sponsored
Sponsored
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
    Phone: +1 (425) 414-0184
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
    Phone: +91 80 4902 2100
4.2 20250415