Lucid has opened the first ever car manufacturing plant in Saudi Arabia at the King Abdullah Economic City as the kingdom looks to establish itself as a global player in the EV race.
The factory is the company’s first international plant and will initially focus on re-assembling vehicle kits sent over from the United States.
“With the support of the Saudi government, we are proud to drive local development in the technology industry,” Lucid CEO Peter Rawlinson said in a statement. “We look forward to delivering Saudi-assembled cars to customers in Saudi Arabia and beyond.” Saudi Arabia’s powerful Public Investment Fund (PIF), controlled by the Saudi government, is Lucid’s largest shareholder, per CNN.
