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Lucid Group opens electric vehicle manufacturing plant in Saudi Arabia – Mugglehead

Lucid Group opens electric vehicle manufacturing plant in Saudi Arabia – Mugglehead

Electric car company, Lucid Group, Inc (NASDAQ: LCID) opened a manufacturing facility in Saudi Arabia to produce the company’s electric cars for both the Saudi Arabian and foreign markets.The AMP-2 facility has started assembling cars, with a capacity of 5,000 per year, according to an announcement on Wednesday.Initially, it’s putting together Lucid Air vehicle ‘kits’ made in the U.S. at the AMP-1 Manufacturing Facility in Arizona. Lucid plans to fully produce cars at AMP-2 by the mid-2020s, increasing annual capacity… 

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