Lucid set up first overseas EV factory in Saudi Arabia
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
By Yashasvini Razdan
Published - May 19, 2022, 07:17 PM ET
Last Updated - Feb 29, 2024, 07:21 AM EST
• The company said that it will initially serve the local market
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.
