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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 Credit: Lucid Motors). The EV maker aims to increase AMP’1’s annual production capacity to 365,000 vehicles.

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Lucid shares Q1 2024 production and delivery numbers

Teslarati

Luxury electric vehicle (EV) maker Lucid Motors has announced its first-quarter production and delivery numbers, earning its best quarter for deliveries yet. While the production figure is down from 2,314 in the first quarter of 2023, deliveries are up from just 1,406 during the same period. What are your thoughts?

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Lucid reports $173 million in revenue and $684.7 million net loss in Q1

Teslarati

Lucid Motors reported its Q1 earnings this week, showing some improvement from the same period last year despite still having over half a million in net losses. Lucid detailed its Q1 delivery and production numbers last month, delivering 1,967 of its Air sedan for a 39.9 In its earnings report , Lucid reported a net loss of $684.7

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Forthcoming Lucid Gravity spotted testing in South Korea

Teslarati

Lucid Motors is set to launch the Gravity SUV later this year, and ahead of the company’s plans to enter production of the electric vehicle (EV), another prototype has been spotted undergoing some testing in South Korea. Credit: 2028Lucid | X Gravity also in South Korea.

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Lucid leads Tesla in EV tech by ‘a number of years,’ according to CEO

Teslarati

The lead executive from luxury electric vehicle (EV) manufacturer Lucid Motors says that his company is “a number of years ahead” of Tesla in terms of its technology, as stated during a recent interview. ” The feature included a test drive of the Lucid Air, along with an interview from anchor Liz Claman. .”

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Financially troubled Enovate reportedly close to getting life-saving money

CN EV Post

Enovate has already owed its employees two months of salary arrears and its factory in Changsha, Hunan province, has shut down production this year, according to local media. In September 2020, the company's first model, the all-electric SUV Enovate ME7, was launched. The Enovate brand was officially launched in November 2018.

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Lucid (LCID) is converting its sleek electric sedan into a new line of police vehicles

Baua Electric

The EV startup is set to unveil the new EVs at the World Defense Show next week in Saudi Arabia. Lucid to reveal new police vehicles next week Lucid made history by opening the first car manufacturing plant in Saudi Arabia in September. Lucid built 8,428 EVs last year as it looks to ramp production.