Browsing Tag

Lucid Group

Lucid, EVIQ sign MoU to set up high-speed public charging infrastructure in Saudi Arabia

Saudi Arabia is set to activate high-speed public charging infrastructure to support the adoption of electric vehicles, thanks to a new agreement. The memorandum of understanding between the electric car specialists Lucid and Electric…
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Business

Lucid Motors to unveil new range of security vehicles at World Defense Show in Riyadh

Lucid Motors, an American manufacturer of electric luxury sports cars and grand tourers, is set to unveil its new, specially designed range of public security vehicles on the sidelines of the World Defense Show in Riyadh next week.…
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Business

Ma’aden subsidiary to supply high-quality aluminum panels to PIF-backed Lucid Motors

US electric carmaker Lucid Motors is set to secure a high-quality aluminum panel supply through an agreement signed with a subsidiary of the Saudi Arabian Mining Co. Ma’aden Rolling Co. has signed a deal with Lucid Motors, majority-owned…
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Business

US carmaker Lucid Group to boost manufacturing capabilities

Saudi-backed carmaker Lucid Group is on track to bolster its manufacturing capabilities thanks to a new expansion of its US Advanced Manufacturing Plant, known as AMP-1. This development will help propel the building capacity ahead of…
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Business

PIF-backed Lucid targets 150k EVs a year from its first $3.4bn Saudi plant

Lucid Group, in which Saudi Public Investment Fund holds a major stake, signed agreements for its first Saudi plant to produce electric vehicles with a value of $3.4 billion. The company signed agreements with the Ministry of Investment…
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