Tesla announces debut in Saudi Arabia
Tesla is set to make its official debut in the Kingdom of Saudi Arabia, marking another major milestone in its global expansion. According to a post from the official Tesla Europe & Middle East account […]
Lucid Becomes First Automaker to Earn ‘Saudi Made’ Badge
Lucid has joined the ‘Made in Saudi’ program. Announced by the Saudi Ministry of Industry and Mineral Resources, Lucid’s inclusion in the program makes it the first automaker to receive the ‘Saudi Made’ certification. This […]
Lucid has assembled 800 cars at its Saudi Arabian factory
Lucid opened its second manufacturing facility, AMP-2, in Saudi Arabia in September. In the more than two months since its opening the factory has assembled nearly 800 cars, all of which had already been built […]
Lucid’s Saudi Arabia factory going online next month, first deliveries set to take place before end of 2023
Lucid is about to join the league of American automakers with factories abroad, as its Saudi Arabian production center will go live next month. This is a breath of fresh air for the EV startup, beset […]
Saudi Arabia increases stake in Lucid
Saudi Arabia can’t get enough of Lucid as it has put more money into the EV startup. The middle-eastern kingdom increased its investment by 9% in the last quarter, as revealed by SEC filings. The […]
Lucid stock jumps over 48 per cent amid takeover speculation
Lucid stock has seen a massive 48 per cent rise and counting as a report is circling that the Saudi Arabia Public Investment Fund is preparing a takeover. StreetInsider issued a watch on the stock, […]
Elon Musk testifies Saudis wanted to take Tesla private in 2018
Tesla CEO Elon Musk has been put on the witness stand again in the ongoing fraud trial concerning plans to take the company private. Musk is being sued by some investors over his allegedly false claim […]
Lucid delivers its first Air EVs in Saudi Arabia
Only days after Lucid started deliveries in Europe, the company made its first deliveries in Saudi Arabia. The automaker held a ceremony at their first store in the Middle East in Saudi Arabia’s capital of […]
Saudi Arabia sets up electric vehicle joint venture with Foxconn – Ceer
The EV industry often brings together multiple players through collaboration. Saudi Arabia and Foxconn are the latest, pairing up for an investment in electric cars. Lucid Motors committed to Saudi Arabia manufacturing facility as part […]
Lucid signs deal to build EV factory in Saudi Arabia that comes with $3.4 billion in incentives
In February Lucid Group announced plans to build its second manufacturing facility in Saudi Arabia. The luxury EV maker made it official at a ceremonial signing event today in Saudi Arabia, providing more details about […]
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