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Lucid (LCID) obtains license to begin EV production in Saudi’s economic megacity – Electrek

Lucid (LCID) obtains license to begin EV production in Saudi’s economic megacity – Electrek

Lucid Air luxury electric sedan in Saudi Arabia (Source: Lucid) California-based EV startup Lucid Motors (LCID) just gained its operating license to begin EV production in one of Saudi Arabia’s special economic zones. Saudi Arabia launched four new Special Economic Zones (SEZs) in April, designed to take advantage of growth in key sectors like electric vehicles, manufacturing, cloud computing, medical tech, and more.The economic zones are spread strategically throughout the Kingdom, offering foreign investors the opportunity to invest with special… 

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