Lucid says to build electric car factory in Saudi Arabia by 2026 – ArabianBusiness
- Date: 12-Jan-2022
- Source: Arabian Business
- Sector:Industrial
- Country:Saudi Arabia
Lucid says to build electric car factory in Saudi Arabia by 2026 – ArabianBusiness
Lucid Group Inc intends to build an electric vehicle factory in Saudi Arabia by 2025 or 2026 and is negotiating details with ministries in the kingdom.
“Now that we are successfully producing and selling cars in the US, our attention is turning to this factory here,” Lucid chairman Andrew Liveris told Bloomberg Television on Wednesday at a mining conference in Riyadh.
Specifics being worked out include ownership percentages for Lucid and partners on the project.
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