The Kingdom’s choice of Lucid Company, which intends to establish a factory in Saudi Arabia to assemble vehicles, will move over time to full production, in support of local content; This will contribute to diversifying the economy and achieving returns in line with Vision 2030, in addition to making the Kingdom a major center for the regional and global industry for the next generation of electric cars. Lucid aims to produce up to 150,000 cars annually.
The Kingdom signs an agreement with Lucid Company to purchase up to 100,000 electric cars
