Remove Future Remove Oil Remove Saudi Arabia Remove Sustainable Transportation
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. LucidMotors announces deal with Government of Saudi Arabia for purchase of up to 100,000 vehicles over a ten-year period.

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 Motors announces first international plant in Saudi Arabia

Teslarati

Lucid announced that its first international plant will be located in Saudi Arabia. The Arizona-based EV manufacturer estimates that its plant in Saudi Arabia could increase Lucid’s value by up to $3.4 Lucid chose KAEC as the location of its international plant in Saudi Arabia. Credit: Lucid Motors).

article thumbnail

Hyundai Motor and Saudi Aramco to collaborate on hydrogen, advanced non-metallic materials and future technologies

Green Car Congress

Hyundai Motor Company signed a memorandum of understanding (MOU) with Saudi Arabian Oil Company (Saudi Aramco). Additionally, the companies will cooperate on the development of future automotive technologies. Earlier post.)

article thumbnail

Hydrogen Opposed Piston Engine Working Group formed

Green Car Congress

If so, it is a valuable potential option for long haul transit in our quest for sustainable transportation. Achates Power is backed by the Oil and Gas Climate Investments and other investors. King Abdullah University of Science and Technology, Thuwal, Saudi Arabia. Aramco Americas. Mahle Powertrain, Plymouth, MI.

Hydrogen 353