Money & BusinessSaudi Arabia

Saudi: Electric carmaker Lucid to open its first international manufacturing plant

Lucid Group Inc., which is setting new standards with the longest range, fastest charging electric car on the market, has announced the signing of agreements with Saudi Arabia, as it lays the groundwork for a full production factory in the Kingdom.

Lucid estimates that the location of its first international manufacturing plant in Saudi Arabia may result in up to $3.4 billion of value to the company over 15 years, and the facility will enable it to address the growing demand for Lucid’s products.

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Source
Saudi Gazette
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