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Hyundai EV pilot test to support ultraluxury tourism in Saudi Arabia

Teslarati

Hyundai will run pilot tests with its electric vehicles (EVs) and hydrogen fuel cell cars to boost ultraluxury tourism in Saudi Arabia. Hyundai Motor Group signed a memorandum of understanding with Red Sea Global to run pilot tests in the ultraluxury tourism destination of Amaala and Ummahat Islands resort.

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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). Lucid chose KAEC as the location of its international plant in Saudi Arabia.

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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. The company also reiterated a forecast of around 9,000 vehicles produced for 2024, highlighting its recent investments from the Saudi Arabia Public Investment Fund (PIF).

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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 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. Lucid is also set to launch its Gravity SUV later this year, and the EV has been spotted multiple times performing tests on public roads since it was unveiled.

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Financially troubled Enovate reportedly close to getting life-saving money

CN EV Post

Image from Enovate's Weibo) Enovate Motors, the Chinese new energy vehicle (NEV) startup that announced late last year that it would build a production base in Saudi Arabia, is actually facing financial woes in its home market. In September 2020, the company's first model, the all-electric SUV Enovate ME7, was launched.

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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.