Saudi Arabia to be a regional hub for Lucid electric vehicles
- Date: 21-Sep-2023
- Source: Al Bawaba
- Sector:Transport
- Country:Saudi Arabia
Saudi Arabia to be a regional hub for Lucid electric vehicles
Published September 21st, 2023 - 04:45 GMT
Highlights
The Lucid factory is poised to establish new industry standards, contributing to the local assembly of cutting-edge electric vehicles in the Saudi market.
ALBAWABA- Saudi Arabia has officially taken a significant step towards becoming a prominent center for electric vehicle manufacturing by officially granting Lucid Motors the operating license for its manufacturing facility in the King Abdullah Economic City.
This strategic move aligns with the Kingdom's commitment to economic diversification and underscores the effectiveness of its special economic zones.
The Lucid factory is poised to establish new industry standards, contributing to the local assembly of cutting-edge electric vehicles in the Saudi market.
The presence of Lucid in the King Abdullah Economic City's special economic zone not only highlights the city's exceptional infrastructure but also positions Saudi Arabia as a key player in the global electric vehicle market.
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