article thumbnail

Lucid launches Saudi Arabia EV factory, the first in the country

Teslarati

Lucid announced this morning that it has officially opened an electric vehicle factory in Saudi Arabia, the first in the country. In March 2022 , Lucid announced that it would officially build its first international EV production facility in Saudi Arabia.

article thumbnail

Lucid Group, Saudi Arabia agree to 100,000 EV fleet deal

Teslarati

Lucid Group announced today that it had reached an agreement with the Government of Saudi Arabia to purchase up to 100,000 electric vehicles from the automaker over ten years. The deal will start with an initial commitment of at least 50,000 vehicles with the option to purchase 50,000 additional cars over the same period.

article thumbnail

Lucid Motors announces agreement with Gov’t of Saudi Arabia to purchase up to 100k EVs over the next decade

Electrek

Lucid Group has announced a new agreement with long-time supporter Saudi Arabia and its Ministry of Finance. Under the terms of the agreement, the Government of Saudi Arabia has committed to purchasing 50,000 EVs from Lucid Motors over the next ten years, with the option to purchase an additional 50k over that same timeframe.

article thumbnail

Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility

Teslarati

Lucid Group announced today that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility with an annual capacity of 155,000 units. billion in aggregate over the next 15 years to build the facility in Saudi Arabia, it said. Lucid Group will receive up to $3.4

article thumbnail

Lucid has built almost 800 Lucid Air sedans in its Saudi facility: exec

Teslarati

It appears that Lucid is adopting a pretty deliberate strategy in its efforts to ramp its operations in Saudi Arabia. As per comments from Lucid global vice-president Faisal Sultan, the automaker is now assembling Lucid Air sedans in its Saudi Arabia factory. Don’t hesitate to contact us with news tips.

article thumbnail

Lucid launches its own Referral Program to drive sales after slow quarter

Teslarati

Lucid is now adopting the same strategy, giving owners a unique referral link to share with friends and family that will result in discounts on new vehicles. Current owners will be able to share their referral link with whomever they please, and when they decide to purchase a vehicle, they will be rewarded with points.

article thumbnail

Lucid reports Q1 2022 Earnings tonight: Here’s What to Expect

Teslarati

Last week, the automaker agreed to a massive 100,000 vehicle deal with Saudi Arabia , where the company would build its first international production facility. The deal starts with an initial commitment of at least 50,000 vehicles, with the option to purchase 50,000 additional cars over a ten-year period.