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On February 28, 2022, Lucid announced a long-term plan to build a new manufacturing plant in Saudi Arabia with the capability of producing 150,000 vehicles per year. Lucid has partnered with the Ministry of Investment of Saudi Arabia (MISA), The Saudi Industrial Development Fund (SIDF), and the King Abdullah Economic City (KAEC). [95]
Californian EV-maker Lucid has opened the first ever car manufacturing plant in Saudi Arabia, as the kingdom looks to establish itself as a global player in the EV race.
The Lucid Air is a battery electric 4-door luxury sedan made by Lucid Motors.The car was announced in December 2016 and sold starting in 2021. The Dream Edition's EPA range is estimated at 520 mi (840 km), the longest on the market as of 2024.
Saudi's sovereign wealth fund, Lucid's largest shareholder, has been tasked with driving the kingdom's ambitious plan to reduce reliance on oil revenue as it ventures into an EV industry dominated ...
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Saudi Arabia was the fastest growing G20 nation in the world last year, thanks in no small part to the gains its flagship state-owned oil producer Aramco got from soaring energy prices sparked by ...
Ceer Motors is an electric vehicle brand in Saudi Arabia. [1] It is the first EV brand in Saudi and includes Sedans and Sports Utility Vehicles (SUV's) for the GCC region. [2] Ceer Motors plans to distribute in Middle Eastern markets by 2025. [3] [4] [5] The brand name Ceer, translates to the Arabic word for "drive forward". [6]