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Hyundai Motor Company to build automotive plant in Saudi Arabia

Electric Cars Report

The Saudi sovereign wealth fund PIF (Public Investment Fund) and Hyundai Motor Company have announced the signing of a joint venture agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia. PIF will hold a 70% stake in the new joint venture with Hyundai holding the remaining 30%.

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Lucid is considering an electric-car plant in Saudi Arabia

Green Car Reports

Lucid Motors is in talks to build an electric-car factory near Jeddah, Saudi Arabia, Bloomberg first reported Thursday. Oil-rich Saudi Arabia sounds like one of the last places on earth for an EV plant, but under.

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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.

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Lucid Opens Saudi Arabia’s First-Ever Car Manufacturing Facility

Electric Cars Report

Lucid Group has officially opened the first-ever car manufacturing facility in Saudi Arabia. As Lucid’s second Advanced Manufacturing Plant (AMP-2) and first international plant, the facility will produce Lucid’s groundbreaking electric vehicles for Saudi Arabia and export to other markets.

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Luxury Electric Vehicle Cage Match: Lucid vs. Tesla vs. Everyone Else

CleanTechnica EVs

The US startup Lucid Motors is still alive, kicking, and ready to crack the electric vehicle code in Norway, the rest of Europe, North America, and Saudi Arabia, too.

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Lucid On Track for Annual Production Guidance of More Than 10,000 EVs

Electric Cars Report

Additionally, Lucid initiated material shipments of vehicles to the Kingdom of Saudi Arabia. Lucid ended the second quarter […] The post Lucid On Track for Annual Production Guidance of More Than 10,000 EVs appeared first on Electric Cars Report. Lucid reported Q2 revenue of $150.9

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Lucid releases Q4 and FY 2022 earnings, posts conservative 2023 forecast

Teslarati

Electric vehicle maker Lucid Motors has released its Q4 and FY 2022 earnings results. Lucid Motors produced a total of 3,493 Air sedans during the fourth quarter at its Arizona factory. This allowed the electric car maker to end the fourth quarter with about $4.9 Lucid’s fourth-quarter revenue stood at $257.7