‎Lucid targets to start production in Saudi Arabia by 2023-end: exec

‎Lucid targets to start production in Saudi Arabia by 2023-end: exec

Lucid is expected to commence production at its electric vehicles (EVs) factory in King Abdullah Economic City (KAEC) by the end of 2023, Faisal Sultan, Vice President and Managing Director of Lucid Middle East, said, noting that construction started last May.

Production will start with “Lucid Air” vehicles, which are initially pre-manufactured at the carmaker’s facility in Arizona, and then reassembled in Saudi Arabia, Sultan told Argaam on the sidelines of the Future Investment Initiative (FII) Conference.

Lucid targets the full production of its first vehicle in Saudi Arabia by the end of 2025, when it will fully build its first car.

The carmaker is also planning to export vehicles to other GCC countries and worldwide.

Lucid produces cars at its factories in Mexico, China, Asia and other countries. It seeks to place the Saudi factory as a main supplier of other facilities with 30-50% of production. However, this depends on the number of suppliers that will start registration in the Kingdom.

Sultan added that EVs receive good support, which will in turn help local factories and Lucid.

The carmaker will also reveal later more showrooms in the Kingdom’s major cities and regionally in the next few years.

Elsewhere, Sultan said Lucid signed a five-year agreement with