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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 The new international plant is expected to produce 150,000 vehicles per year. Credit: Lucid Motors).

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

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

Teslarati

Lucid announced it had officially signed agreements with the Ministry of Investment of Saudi Arabia (“MISA”), the Saudi Industrial Development Fund (“SIDF”), Emaar, The Economic City, at King Abdullah Economic City (“KAEC”), and Gulf International Bank (“GIB”).

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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). In turn, the company has made important steps toward a hydrogen society lead by its commitment to sustainable transportation, as part of its FCEV Vision 2030. Earlier post.)

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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.

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